Vanguard Group Inc. Purchases 201,994 Shares of HubSpot, Inc. (NYSE:HUBS)

Key Points

• Vanguard Group Inc. has increased its stake in HubSpot, Inc. by 4.0%, owning approximately 5.25 million shares valued at nearly $3 billion as of its latest SEC filing.
• Insider sales by HubSpot executives, including the CFO and CEO, have resulted in significant reductions of their ownership, with CFO Kathryn Bueker selling 615 shares and CEO Yamini Rangan selling 2,383 shares at an average price of $551.79.
• Analysts' target prices for HubSpot stock have varied, with Goldman Sachs lowering its target from $900 to $795 and Morgan Stanley increasing theirs from $659 to $752, contributing to a consensus rating of "Moderate Buy" with a target price of $726.04.

Vanguard Group Inc. increased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,246,734 shares of the software maker's stock after acquiring an additional 201,994 shares during the quarter. Vanguard Group Inc. owned about 9.97% of HubSpot worth $2,997,407,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Elequin Capital LP bought a new position in HubSpot in the 4th quarter worth $27,000. Coppell Advisory Solutions LLC raised its holdings in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after acquiring an additional 22 shares during the period. Colonial Trust Co SC boosted its holdings in HubSpot by 111.1% in the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after purchasing an additional 30 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after purchasing an additional 34 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in HubSpot in the 1st quarter valued at $35,000. Institutional investors own 90.39% of the company's stock.

Insider Activity

In related news, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the transaction, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at $283,718,775.45. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,998 shares of company stock valued at $10,928,616. 4.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on HUBS. Citigroup dropped their price objective on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a report on Friday. Raymond James Financial dropped their price objective on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. UBS Group dropped their price objective on shares of HubSpot from $820.00 to $700.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Stifel Nicolaus dropped their price objective on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Finally, Cantor Fitzgerald began coverage on shares of HubSpot in a report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus price target of $726.04.

HubSpot Trading Up 0.5%

Shares of HUBS traded up $2.30 during mid-day trading on Tuesday, hitting $423.09. 1,609,542 shares of the company traded hands, compared to its average volume of 729,507. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13. The business has a 50-day moving average of $544.42 and a 200 day moving average of $609.50. The stock has a market capitalization of $22.29 billion, a price-to-earnings ratio of -1,839.52, a PEG ratio of 15.20 and a beta of 1.66.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating 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 analysts' expectations 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% compared to the same quarter last year. As a group, analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.