Park Avenue Securities LLC Acquires New Holdings in HubSpot, Inc. $HUBS

Key Points

• Park Avenue Securities LLC has acquired 1,310 shares of HubSpot, Inc., valued at approximately $729,000, marking a new investment in the software maker.
• HubSpot's stock recently saw a 2.3% increase, trading at $518.46, with a twelve-month high of $881.13 and a significant market capitalization of $27.32 billion.
• Equity analysts have mixed expectations for HubSpot, with price targets ranging from $650.00 to $900.00 and the stock rated as a "Moderate Buy" by the consensus.

Park Avenue Securities LLC acquired a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,310 shares of the software maker's stock, valued at approximately $729,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in HubSpot by 481.5% in the 1st 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 during the last quarter. Acadian Asset Management LLC lifted its stake in HubSpot by 15.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker's stock valued at $2,888,000 after purchasing an additional 660 shares during the last quarter. Principal Financial Group Inc. lifted its stake in HubSpot by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after purchasing an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in HubSpot by 1,840.0% in the 1st 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. Finally, Strs Ohio bought a new position in HubSpot in the 1st quarter valued at approximately $10,569,000. Institutional investors own 90.39% of the company's stock.

HubSpot Stock Up 2.3%

Shares of NYSE HUBS opened at $518.46 on Friday. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13. The firm has a fifty day simple moving average of $492.16 and a 200 day simple moving average of $549.50. The company has a market capitalization of $27.32 billion, a PE ratio of -2,254.18, a P/E/G ratio of 17.86 and a beta of 1.58.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Citigroup decreased their price target on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Needham & Company LLC restated a "buy" rating and issued a $900.00 price target on shares of HubSpot in a research report on Thursday, September 4th. KeyCorp decreased their price target on shares of HubSpot from $860.00 to $775.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of HubSpot from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Truist Financial decreased their price target on shares of HubSpot from $720.00 to $675.00 and set a "buy" rating for the company in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $722.93.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 477 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $500.00, for a total value of $238,500.00. Following the completion of the sale, the chief executive officer directly owned 62,291 shares in the company, valued at approximately $31,145,500. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah sold 4,747 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the completion of the sale, the chief technology officer owned 1,271,058 shares of the company's stock, valued at $637,562,692.80. The trade was a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,094 shares of company stock valued at $25,716,404. Company insiders own 4.00% of the company's stock.

HubSpot 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.

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