Vident Advisory LLC Acquires 600 Shares of HubSpot, Inc. $HUBS

Key Points

• Vident Advisory LLC increased its holdings in HubSpot, Inc. by 54.2% by purchasing an additional 600 shares, bringing its total to 1,707 shares valued at approximately $975,000.
• Insider trades revealed that CFO Kathryn Bueker and Director Brian Halligan sold shares of HubSpot, with Halligan's sale amounting to $3.82 million, representing a decrease in their ownership stakes.
• HubSpot's latest quarterly earnings report showed a revenue of $760.87 million, exceeding analyst estimates, and an earnings per share of $2.19 which outperformed expectations of $2.12.

Vident Advisory LLC raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 54.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,707 shares of the software maker's stock after acquiring an additional 600 shares during the quarter. Vident Advisory LLC's holdings in HubSpot were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA grew its position in HubSpot by 481.5% in the 1st quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after acquiring an additional 130 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of HubSpot by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after purchasing an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of HubSpot by 1,840.0% during the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after acquiring an additional 92 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in HubSpot in the 1st quarter valued at about $235,000. Finally, Amalgamated Bank increased its holdings in HubSpot by 6.9% in the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock worth $1,991,000 after buying an additional 226 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $12.89 during trading on Monday, hitting $500.42. The company had a trading volume of 582,214 shares, compared to its average volume of 741,615. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13. The company has a fifty day simple moving average of $504.15 and a two-hundred day simple moving average of $566.55. The stock has a market cap of $26.37 billion, a price-to-earnings ratio of -2,175.52, a price-to-earnings-growth ratio of 16.80 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results 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 in the prior year, the business posted $1.94 earnings per share. HubSpot's revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the sale, the director directly owned 522,435 shares of the company's stock, valued at $235,012,160.40. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the transaction, the chief financial officer owned 41,086 shares of the company's stock, valued at $22,670,843.94. The trade was a 1.47% 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 in the last three months. 4.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HUBS. Truist Financial lowered their target price on HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. Piper Sandler assumed coverage on HubSpot in a research report on Thursday. They set an "overweight" rating and a $675.00 price objective for the company. Wells Fargo & Company increased their price target on HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Wall Street Zen raised HubSpot from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Barclays dropped their target price on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $722.93.

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.