OMERS ADMINISTRATION Corp Raises Stock Holdings in HubSpot, Inc. $HUBS

Key Points

• OMERS ADMINISTRATION Corp has increased its stock holdings in HubSpot, Inc. by 20.4%, bringing its total value to $2.73 million.
• Several hedge funds have recently invested in HubSpot, with institutional investors owning 90.39% of the stock, indicating strong institutional interest in the company.
• HubSpot's latest earnings report showed earnings per share of $2.19, surpassing estimates, with a revenue increase of 19.4% year-over-year.

OMERS ADMINISTRATION Corp grew its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 20.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,785 shares of the software maker's stock after buying an additional 810 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in HubSpot were worth $2,734,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its holdings in shares of HubSpot by 481.5% in the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after purchasing an additional 130 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of HubSpot by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock worth $16,427,000 after acquiring an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of HubSpot by 1,840.0% in the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after purchasing an additional 92 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of HubSpot in the first quarter worth $235,000. Finally, Amalgamated Bank boosted its holdings in HubSpot by 6.9% during the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock worth $1,991,000 after purchasing an additional 226 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the sale, the chief executive officer owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,498 shares of company stock worth $14,752,256. 4.00% of the stock is owned by corporate insiders.

HubSpot Stock Performance

Shares of HUBS traded down $12.08 during mid-day trading on Tuesday, reaching $471.09. 628,205 shares of the company were exchanged, compared to its average volume of 738,271. The business has a 50 day simple moving average of $510.20 and a two-hundred day simple moving average of $575.21. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13. The stock has a market capitalization of $24.82 billion, a PE ratio of -2,048.22, a PEG ratio of 16.65 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The company had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. During the same period in the previous year, the business earned $1.94 EPS. The firm's revenue was up 19.4% compared to the same quarter last year. On average, analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on HUBS shares. UBS Group reduced their price target on HubSpot from $820.00 to $700.00 and set a "buy" rating for the company in a research report on Thursday, August 7th. Cantor Fitzgerald started coverage on shares of HubSpot in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price objective on the stock. Canaccord Genuity Group lowered their price target on HubSpot from $765.00 to $700.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. Barclays dropped their price target on HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Finally, Raymond James Financial dropped their price objective on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $726.04.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.