Rafferty Asset Management LLC Sells 1,134 Shares of HubSpot, Inc. $HUBS

Key Points

• Rafferty Asset Management LLC reduced its holdings in HubSpot, Inc. by 28.5%, now owning 2,848 shares valued at approximately $1.6 million.
• Recent insider transactions include the sale of 8,500 shares by Director Brian Halligan and 615 shares by CFO Kathryn Bueker, indicating a decrease in their ownership stakes.
• Analysts have mixed views on HubSpot's stock value, with target prices ranging from $600 to $750 and an overall consensus rating of "Moderate Buy."

Rafferty Asset Management LLC trimmed its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 28.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,848 shares of the software maker's stock after selling 1,134 shares during the quarter. Rafferty Asset Management LLC's holdings in HubSpot were worth $1,627,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HUBS. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 during the last quarter. Massachusetts Financial Services Co. MA grew its position 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 acquiring an additional 251,853 shares in the last quarter. Vanguard Group Inc. grew its position in 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 in the last quarter. GAMMA Investing LLC grew its position in HubSpot by 80,552.5% in the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock worth $1,018,280,000 after acquiring an additional 178,021 shares in the last quarter. Finally, Nuveen LLC purchased a new position in HubSpot in the first quarter worth about $99,963,000. 90.39% of the stock is owned by institutional investors.

HubSpot Price Performance

Shares of HUBS traded up $22.33 during mid-day trading on Friday, reaching $486.64. 354,866 shares of the company's stock traded hands, compared to its average volume of 738,087. The stock has a market cap of $25.64 billion, a P/E ratio of -2,114.98, a P/E/G ratio of 16.29 and a beta of 1.58. The stock's 50-day moving average is $505.41 and its two-hundred day moving average is $571.38. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot's quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 earnings per share. Research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HUBS. Piper Sandler began coverage on HubSpot in a research report on Thursday. They issued an "overweight" rating and a $675.00 price target for the company. Sanford C. Bernstein upgraded HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price target for the company in a research report on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $900.00 price target on shares of HubSpot in a research report on Thursday. UBS Group reiterated an "outperform" rating on shares of HubSpot in a research report on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and an average price target of $722.93.

Insider Activity at HubSpot

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