Unisphere Establishment Purchases Shares of 13,400 HubSpot, Inc. $HUBS

Key Points

• Unisphere Establishment has acquired 13,400 shares of HubSpot, Inc., valued at approximately $7.7 million, during the first quarter, enhancing its stake in the software maker.
• HubSpot's latest quarterly earnings beat estimates with $760.87 million in revenue, up 19.4% from the same quarter last year, despite a negative net margin.
• Several analysts have revised their price targets for HubSpot, with UBS cutting its target from $820 to $700, while Needham & Company maintains a $900 target, highlighting mixed sentiment among investors.

Unisphere Establishment bought a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,400 shares of the software maker's stock, valued at approximately $7,655,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in HubSpot by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock valued at $2,997,407,000 after purchasing an additional 201,994 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in HubSpot by 17.0% during 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 grew its holdings in HubSpot by 37.3% during 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 holdings in HubSpot by 0.8% during the first quarter. Groupama Asset Managment now owns 732,578 shares of the software maker's stock valued at $418,514,000 after purchasing an additional 5,779 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in HubSpot by 7.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 567,465 shares of the software maker's stock valued at $395,393,000 after purchasing an additional 40,404 shares during the period. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 615 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 value of $339,350.85. Following the sale, the chief financial officer owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the sale, the director owned 522,435 shares in the company, valued at $235,012,160.40. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,498 shares of company stock worth $14,752,256. Corporate insiders own 4.00% of the company's stock.

HubSpot Stock Up 5.0%

Shares of HUBS stock traded up $23.27 on Friday, reaching $487.58. The company's stock had a trading volume of 1,132,340 shares, compared to its average volume of 921,969. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13. The company has a market capitalization of $25.69 billion, a P/E ratio of -2,119.90, a PEG ratio of 16.00 and a beta of 1.58. The stock's 50 day simple moving average is $504.15 and its 200-day simple moving average is $569.21.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $739.94 million. During the same quarter last year, the business posted $1.94 earnings per share. The firm's revenue was up 19.4% compared to the same quarter last year. Research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

HUBS has been the subject of several research reports. Oppenheimer increased their price objective on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Wall Street Zen raised HubSpot from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. The Goldman Sachs Group reduced their price objective on HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a report on Friday, May 9th. Sanford C. Bernstein raised HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price objective for the company in a report on Wednesday. Finally, Canaccord Genuity Group reduced their price objective on HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $722.93.

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.