Quantbot Technologies LP Has $2.31 Million Holdings in HubSpot, Inc. $HUBS

Key Points

• Quantbot Technologies LP increased its stake in HubSpot, Inc. by 683.5% during the first quarter, acquiring an additional 3,520 shares, bringing its total holdings to 4,035 shares worth around $2.3 million.
• HubSpot's recent quarterly earnings report showed a revenue increase of 19.4% year-over-year, with a reported EPS of $2.19, surpassing analysts' expectations by $0.07.
• Analysts have mixed ratings on HubSpot, with one Strong Buy, twenty-six Buy, and three Hold ratings, and an average target price of $726.04.

Quantbot Technologies LP grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 683.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,035 shares of the software maker's stock after acquiring an additional 3,520 shares during the quarter. Quantbot Technologies LP's holdings in HubSpot were worth $2,305,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its position in HubSpot by 1.1% during the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker's stock worth $861,000 after acquiring an additional 16 shares during the period. WCM Investment Management LLC boosted its position in HubSpot by 0.6% during the 1st quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock worth $1,553,000 after acquiring an additional 17 shares during the period. Yousif Capital Management LLC boosted its position in HubSpot by 3.0% during the 1st quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock worth $378,000 after acquiring an additional 19 shares during the period. Ballentine Partners LLC boosted its position in HubSpot by 3.5% during the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker's stock worth $334,000 after acquiring an additional 20 shares during the period. Finally, Apollon Wealth Management LLC boosted its position in HubSpot by 5.2% during the 1st quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker's stock worth $231,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Stock Performance

NYSE:HUBS traded down $7.3990 during trading hours on Monday, hitting $466.9010. 360,478 shares of the company's stock traded hands, compared to its average volume of 735,929. The firm has a market cap of $24.60 billion, a P/E ratio of -2,029.72, a P/E/G ratio of 16.34 and a beta of 1.66. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13. The stock's fifty day moving average price is $518.67 and its two-hundred day moving average price is $588.76.

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

Insider Activity

In other news, CEO Yamini Rangan sold 2,383 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $1,314,915.57. Following the transaction, the chief executive officer owned 63,918 shares in the company, valued at $35,269,313.22. This represents a 3.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at $235,012,160.40. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,498 shares of company stock worth $14,752,256 in the last 90 days. Company insiders own 4.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. KeyCorp reduced their price target on HubSpot from $860.00 to $775.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. BMO Capital Markets cut their price objective on HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Morgan Stanley upped their price target on shares of HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Macquarie cut their price target on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.