1,255 Shares in HubSpot, Inc. $HUBS Bought by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC has acquired a new stake in HubSpot, purchasing 1,255 shares valued at approximately $717,000.
• Institutional investors own around 90.39% of HubSpot's stock, indicating a high level of institutional interest in the company.
• Analysts have adjusted their price targets for HubSpot, with the average target now at $722.93, signaling a generally positive outlook despite mixed adjustments.

SCS Capital Management LLC bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,255 shares of the software maker's stock, valued at approximately $717,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings 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 buying an additional 201,994 shares during the period. Price T Rowe Associates Inc. MD raised its position 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 valued at $2,805,070,000 after purchasing an additional 714,980 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after purchasing an additional 251,853 shares during the period. Groupama Asset Managment grew its stake in shares of 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 acquiring an additional 5,779 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of HubSpot by 16.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 661,946 shares of the software maker's stock worth $378,163,000 after acquiring an additional 94,481 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HUBS. Cantor Fitzgerald began coverage on shares of HubSpot in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price target on the stock. Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. KeyCorp reduced their price target on shares of HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. UBS Group restated an "outperform" rating on shares of HubSpot in a research report on Wednesday, September 3rd. Finally, BMO Capital Markets cut their target price on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and a consensus price target of $722.93.

Insider Buying and Selling

In related news, CTO Dharmesh Shah sold 4,747 shares of the stock in a transaction dated 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 sale, the chief technology officer owned 1,271,058 shares of the company's stock, valued at approximately $637,562,692.80. This represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 477 shares of the firm's stock in a transaction dated 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. The trade was a 0.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,094 shares of company stock worth $26,069,239. 4.00% of the stock is owned by corporate insiders.

HubSpot Price Performance

HUBS stock traded down $3.69 during midday trading on Friday, reaching $493.10. The company had a trading volume of 446,699 shares, compared to its average volume of 797,108. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13. The stock has a 50 day moving average price of $498.16 and a 200-day moving average price of $559.75. The company has a market capitalization of $25.98 billion, a price-to-earnings ratio of -2,143.91, a price-to-earnings-growth ratio of 17.12 and a beta of 1.58.

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