Eventide Asset Management LLC Cuts Position in HubSpot, Inc. (NYSE:HUBS)

Eventide Asset Management LLC lessened its holdings in HubSpot, Inc. (NYSE:HUBSGet Rating) by 9.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,733 shares of the software maker’s stock after selling 21,900 shares during the period. HubSpot comprises about 1.6% of Eventide Asset Management LLC’s portfolio, making the stock its 24th largest holding. Eventide Asset Management LLC owned 0.46% of HubSpot worth $103,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HUBS. Flight Deck Capital LP increased its stake in HubSpot by 45.1% during the 1st quarter. Flight Deck Capital LP now owns 11,900 shares of the software maker’s stock worth $5,652,000 after buying an additional 3,700 shares in the last quarter. Scge Management L.P. increased its stake in HubSpot by 7.8% during the 1st quarter. Scge Management L.P. now owns 1,479,000 shares of the software maker’s stock worth $702,436,000 after buying an additional 107,453 shares in the last quarter. Maverick Capital Ltd. increased its stake in HubSpot by 259.5% during the 1st quarter. Maverick Capital Ltd. now owns 453 shares of the software maker’s stock worth $215,000 after buying an additional 327 shares in the last quarter. Cable Hill Partners LLC purchased a new stake in HubSpot during the 1st quarter worth approximately $404,000. Finally, Captrust Financial Advisors increased its stake in HubSpot by 69.0% during the 1st quarter. Captrust Financial Advisors now owns 644 shares of the software maker’s stock worth $306,000 after buying an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

HubSpot Trading Up 0.2 %

NYSE:HUBS opened at $333.10 on Tuesday. The business’s fifty day moving average price is $326.84 and its 200 day moving average price is $369.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.31 and a quick ratio of 2.31. HubSpot, Inc. has a 12 month low of $257.21 and a 12 month high of $866.00.

HubSpot (NYSE:HUBSGet Rating) last posted its earnings results on Thursday, August 4th. The software maker reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.16). The business had revenue of $421.76 million during the quarter, compared to analysts’ expectations of $409.67 million. HubSpot had a negative net margin of 6.28% and a negative return on equity of 9.89%. Analysts anticipate that HubSpot, Inc. will post -2.13 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 200 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $400.00, for a total value of $80,000.00. Following the transaction, the chief financial officer now owns 36,577 shares of the company’s stock, valued at $14,630,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other HubSpot news, CFO Kathryn Bueker sold 200 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $400.00, for a total value of $80,000.00. Following the completion of the transaction, the chief financial officer now owns 36,577 shares in the company, valued at $14,630,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $279.20, for a total transaction of $2,373,200.00. Following the completion of the transaction, the insider now owns 675,066 shares of the company’s stock, valued at approximately $188,478,427.20. The disclosure for this sale can be found here. Insiders have sold 17,200 shares of company stock valued at $5,004,730 over the last quarter. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HUBS has been the subject of several research reports. The Goldman Sachs Group cut their price objective on HubSpot from $617.00 to $444.00 and set a “buy” rating for the company in a research note on Thursday, July 14th. Wells Fargo & Company lowered their target price on HubSpot from $600.00 to $500.00 and set an “overweight” rating on the stock in a report on Tuesday, August 2nd. Scotiabank began coverage on HubSpot in a report on Thursday, June 9th. They set an “outperform” rating and a $550.00 target price on the stock. Stifel Nicolaus lowered their target price on HubSpot from $425.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, September 8th. Finally, KeyCorp lowered their target price on HubSpot from $461.00 to $410.00 and set an “overweight” rating on the stock in a report on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $523.92.

HubSpot Company Profile

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HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

See Also

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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