Paloma Partners Management Co Has $2.23 Million Stock Position in HubSpot, Inc. $HUBS

Key Points

• Paloma Partners Management Co increased its stake in HubSpot, Inc. by 74.8%, resulting in a holding worth $2.23 million.
• Insider trades showed substantial selling activity, with CFO Kathryn Bueker and CEO Yamini Rangan reducing their stakes in the company.
• Recent analyst reports have adjusted HubSpot's target prices, with UBS Group reducing its target from $820 to $700, while maintaining a "buy" rating.

Paloma Partners Management Co lifted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 74.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,904 shares of the software maker's stock after acquiring an additional 1,670 shares during the quarter. Paloma Partners Management Co's holdings in HubSpot were worth $2,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after acquiring an additional 201,994 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after purchasing an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Groupama Asset Managment boosted its holdings in HubSpot by 0.8% in the first quarter. Groupama Asset Managment now owns 732,578 shares of the software maker's stock worth $418,514,000 after purchasing an additional 5,779 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in HubSpot by 7.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 567,465 shares of the software maker's stock worth $395,393,000 after purchasing an additional 40,404 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction on Wednesday, July 2nd. The shares were 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 of the company's stock, valued at $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the transaction, the director directly owned 522,435 shares in the company, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,498 shares of company stock valued at $14,752,256 over the last three months. 4.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HUBS shares. Canaccord Genuity Group decreased their price objective on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, August 7th. UBS Group reiterated an "outperform" rating on shares of HubSpot in a report on Wednesday. The Goldman Sachs Group decreased their price target on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wells Fargo & Company upped their price target on shares of HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Sanford C. Bernstein upgraded shares of HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price target for the company in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $722.93.

HubSpot Price Performance

Shares of NYSE HUBS traded up $23.27 during mid-day trading on Friday, hitting $487.58. The company had a trading volume of 1,132,259 shares, compared to its average volume of 742,966. The business's 50-day simple moving average is $505.41 and its 200-day simple moving average is $571.38. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The firm has a market cap of $25.69 billion, a P/E ratio of -2,119.90, a PEG ratio of 16.29 and a beta of 1.58.

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

HubSpot Company Profile

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.