Toroso Investments LLC Acquires 69 Shares of HubSpot, Inc. (NYSE:HUBS)

Toroso Investments LLC grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,147 shares of the software maker’s stock after buying an additional 69 shares during the quarter. Toroso Investments LLC’s holdings in HubSpot were worth $921,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. American Trust bought a new position in shares of HubSpot in the 1st quarter valued at about $307,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of HubSpot by 61.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,845 shares of the software maker’s stock worth $791,000 after acquiring an additional 702 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of HubSpot by 14.3% during the 1st quarter. Advisory Services Network LLC now owns 5,005 shares of the software maker’s stock worth $2,146,000 after buying an additional 625 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in HubSpot by 29.2% in the 1st quarter. Rockefeller Capital Management L.P. now owns 2,412 shares of the software maker’s stock valued at $1,034,000 after acquiring an additional 545 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in HubSpot by 3.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 29,158 shares of the software maker’s stock worth $12,502,000 after purchasing an additional 985 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Trading Down 0.3 %

NYSE:HUBS opened at $510.34 on Tuesday. HubSpot, Inc. has a 52 week low of $245.03 and a 52 week high of $581.40. The firm’s fifty day moving average is $529.55 and its 200-day moving average is $481.20. The firm has a market cap of $25.52 billion, a P/E ratio of -123.27 and a beta of 1.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.25 and a current ratio of 2.25.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.27). HubSpot had a negative net margin of 10.51% and a negative return on equity of 11.28%. The firm had revenue of $529.14 million for the quarter, compared to the consensus estimate of $504.45 million. Equities analysts expect that HubSpot, Inc. will post -1.42 earnings per share for the current year.

Insider Transactions at HubSpot

In related news, CFO Kathryn Bueker sold 300 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $550.00, for a total transaction of $165,000.00. Following the transaction, the chief financial officer now directly owns 38,024 shares of the company’s stock, valued at $20,913,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Kathryn Bueker sold 300 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $550.00, for a total transaction of $165,000.00. Following the transaction, the chief financial officer now owns 38,024 shares in the company, valued at $20,913,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 3,136 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $519.62, for a total transaction of $1,629,528.32. Following the transaction, the chief executive officer now directly owns 57,519 shares in the company, valued at approximately $29,888,022.78. The disclosure for this sale can be found here. Insiders sold a total of 42,902 shares of company stock valued at $22,265,203 in the last quarter. 4.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HUBS shares. Argus boosted their price target on HubSpot from $550.00 to $604.00 and gave the company a “buy” rating in a research note on Wednesday, August 16th. JPMorgan Chase & Co. increased their price target on shares of HubSpot from $485.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, September 7th. Needham & Company LLC boosted their price objective on shares of HubSpot from $570.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Morgan Stanley raised their target price on HubSpot from $603.00 to $604.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Finally, Raymond James boosted their price target on HubSpot from $520.00 to $600.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average target price of $539.76.

HubSpot Company Profile

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.