Price T Rowe Associates Inc. MD Purchases 714,980 Shares of HubSpot, Inc. $HUBS

Key Points

• Price T Rowe Associates Inc. MD increased its stake in HubSpot, Inc. by 17.0%, holding nearly 9.33% of the company, valued at approximately $2.8 billion.
• HubSpot reported Q2 earnings of $2.19 per share, beating estimates by $0.07, with a revenue increase of 19.4% year-over-year, amounting to $760.87 million.
• Several analysts have adjusted their price targets for HubSpot, with a consensus target of $726.04, reflecting a general outlook of moderate buy among research firms.

Price T Rowe Associates Inc. MD lifted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,910,062 shares of the software maker's stock after acquiring an additional 714,980 shares during the quarter. Price T Rowe Associates Inc. MD owned 9.33% of HubSpot worth $2,805,070,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HUBS. Elequin Capital LP purchased a new stake in HubSpot during the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC increased its stake in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after buying an additional 22 shares during the period. Colonial Trust Co SC increased its stake in HubSpot by 111.1% during the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after buying an additional 30 shares during the period. Cullen Frost Bankers Inc. increased its stake in HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after buying an additional 34 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in HubSpot during the 1st quarter worth approximately $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

Shares of NYSE HUBS traded down $5.8040 during trading hours on Monday, hitting $468.4960. 532,503 shares of the stock were exchanged, compared to its average volume of 736,172. The company's 50 day moving average is $518.67 and its 200 day moving average is $588.76. The firm has a market capitalization of $24.69 billion, a P/E ratio of -2,036.94, a P/E/G ratio of 16.34 and a beta of 1.66. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same period in the prior year, the firm earned $1.94 EPS. HubSpot's quarterly revenue was up 19.4% compared to the same quarter last year. Research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup cut their target price on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Canaccord Genuity Group lowered their price target 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. The Goldman Sachs Group dropped their price objective on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus dropped their price objective on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Finally, Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $726.04.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the transaction, the chief financial officer directly owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 28,498 shares of company stock valued at $14,752,256. Company insiders own 4.00% of the company's stock.

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.