Thematics Asset Management Increases Holdings in HubSpot, Inc. $HUBS

Key Points

• Thematics Asset Management increased its holdings in HubSpot by 26.4% during Q1, owning 12,731 shares worth approximately $7.27 million.
• HubSpot reported better-than-expected earnings of $2.19 per share and a revenue of $760.87 million, exceeding consensus estimates for both.
• Analysts maintain a generally positive outlook on HubSpot, with 26 analysts giving it a "Buy" rating and a price target averaging around $726.04.

Thematics Asset Management grew its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 26.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,731 shares of the software maker's stock after purchasing an additional 2,659 shares during the quarter. Thematics Asset Management's holdings in HubSpot were worth $7,273,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HUBS. Elequin Capital LP acquired a new position in shares of HubSpot in the 4th quarter valued at about $27,000. Coppell Advisory Solutions LLC increased its holdings in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Colonial Trust Co SC lifted its stake in HubSpot by 111.1% in the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after buying an additional 30 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of 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 in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of HubSpot during the 1st quarter worth approximately $35,000. Institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,500 shares of the 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 sale, the director directly owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,498 shares of company stock worth $14,752,256 over the last 90 days. Corporate insiders own 4.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Raymond James Financial reduced their price objective on HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Cantor Fitzgerald began coverage on HubSpot in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 target price on the stock. Canaccord Genuity Group reduced their price target on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a research report on Thursday, August 7th. Finally, Truist Financial lowered their price objective on shares of HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $726.04.

HubSpot Stock Up 1.5%

HUBS stock traded up $6.95 during midday trading on Thursday, hitting $476.43. The company's stock had a trading volume of 870,050 shares, compared to its average volume of 738,289. The stock has a market cap of $25.10 billion, a price-to-earnings ratio of -2,071.41, a PEG ratio of 15.76 and a beta of 1.66. The stock's 50-day moving average price is $513.62 and its 200 day moving average price is $584.93. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 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 quarter in the previous year, the firm posted $1.94 earnings per share. The company's revenue for the quarter was up 19.4% on a year-over-year basis. As a group, equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal 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.