Stanley Laman Group Ltd. Has $5.37 Million Stock Position in HubSpot, Inc. $HUBS

Key Points

• Stanley Laman Group Ltd. reduced its position in HubSpot, Inc. by 8.8%, owning 9,654 shares valued at $5.37 million after selling 931 shares in the second quarter.
• Multiple hedge funds have increased their holdings in HubSpot, with 90.39% of the stock now owned by institutional investors and hedge funds.
• HubSpot's CFO and CEO both recently sold shares worth a total of $1.5 million, reflecting a decline in their respective ownership stakes.

Stanley Laman Group Ltd. lessened its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,654 shares of the software maker's stock after selling 931 shares during the period. Stanley Laman Group Ltd.'s holdings in HubSpot were worth $5,374,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA grew its holdings in shares of HubSpot by 24.2% during the second quarter. Private Trust Co. NA now owns 195 shares of the software maker's stock worth $109,000 after purchasing an additional 38 shares during the last quarter. Nordea Investment Management AB boosted its position in HubSpot by 74.4% during the 2nd quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker's stock worth $8,921,000 after buying an additional 6,846 shares during the period. WCM Investment Management LLC grew its holdings in HubSpot by 8.0% during the 2nd quarter. WCM Investment Management LLC now owns 2,882 shares of the software maker's stock worth $1,587,000 after acquiring an additional 214 shares during the last quarter. Allianz Asset Management GmbH increased its position in HubSpot by 33.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 50,944 shares of the software maker's stock valued at $28,357,000 after acquiring an additional 12,732 shares during the period. Finally, Generali Asset Management SPA SGR raised its stake in shares of HubSpot by 43.8% during the second quarter. Generali Asset Management SPA SGR now owns 2,966 shares of the software maker's stock valued at $1,651,000 after acquiring an additional 903 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the sale, the chief financial officer owned 38,794 shares in the company, valued at approximately $19,397,000. The trade was a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,387 shares of the firm's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the transaction, the chief executive officer directly owned 56,277 shares in the company, valued at $28,138,500. This trade represents a 4.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,598 shares of company stock worth $20,947,042 in the last three months. Insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Weiss Ratings reiterated a "sell (e+)" rating on shares of HubSpot in a research report on Tuesday. Barclays lowered their price objective on HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Truist Financial reduced their target price on HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $775.00 price target on shares of HubSpot in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $723.11.

HubSpot Stock Up 1.0%

NYSE:HUBS opened at $437.15 on Friday. The company has a fifty day moving average of $471.80 and a 200-day moving average of $534.70. The firm has a market capitalization of $23.03 billion, a P/E ratio of -1,900.67, a P/E/G ratio of 14.92 and a beta of 1.58. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $739.94 million. During the same period in the prior year, the firm earned $1.94 earnings per share. HubSpot's revenue was up 19.4% on a year-over-year basis. On average, analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.