HubSpot, Inc. (NYSE:HUBS) Stock Holdings Lifted by Toronto Dominion Bank

Toronto Dominion Bank raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 206.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,178 shares of the software maker’s stock after purchasing an additional 9,556 shares during the quarter. Toronto Dominion Bank’s holdings in HubSpot were worth $8,362,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after acquiring an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in HubSpot by 10.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after purchasing an additional 176,336 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of HubSpot by 50.3% during the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after purchasing an additional 626,977 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of HubSpot by 62.1% during the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after buying an additional 604,554 shares during the last quarter. Finally, Twin Focus Capital Partners LLC increased its holdings in HubSpot by 92,828.2% in the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock worth $283,230,000 after buying an additional 487,348 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Performance

Shares of HUBS stock opened at $536.00 on Friday. The stock has a market cap of $27.32 billion, a price-to-earnings ratio of -202.26, a P/E/G ratio of 7,010.23 and a beta of 1.63. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The firm has a fifty day moving average of $494.98 and a 200-day moving average of $563.80.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same quarter in the previous year, the firm earned ($1.17) EPS. HubSpot’s quarterly revenue was up 20.4% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Canaccord Genuity Group reduced their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $700.00 price objective on shares of HubSpot in a report on Thursday, September 19th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Citigroup lowered their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Evercore ISI dropped their target price on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $610.79.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other HubSpot news, CFO Kathryn Bueker sold 1,135 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $672,828.00. Following the transaction, the chief financial officer now owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock worth $21,300,253 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

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.