HubSpot, Inc. $HUBS Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,059 shares of the software maker’s stock after purchasing an additional 660 shares during the quarter. Acadian Asset Management LLC’s holdings in HubSpot were worth $2,888,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Stifel Nicolaus dropped their price objective on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Monday, July 14th. Needham & Company LLC reissued a “buy” rating and issued a $900.00 target price on shares of HubSpot in a report on Thursday, September 4th. Canaccord Genuity Group cut their price target on HubSpot from $765.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Piper Sandler started coverage on shares of HubSpot in a research report on Thursday, September 4th. They issued an “overweight” rating and a $675.00 price target on the stock. Finally, Sanford C. Bernstein upgraded HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price objective for the company in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $722.93.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 615 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 $339,350.85. Following the completion of the sale, the chief financial officer owned 41,086 shares of the company’s stock, valued at $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Dharmesh Shah sold 17,253 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the completion of the transaction, the chief technology officer owned 1,275,805 shares in the company, valued at $638,744,531.30. This represents a 1.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,594 shares of company stock worth $21,410,984 in the last 90 days. 4.00% of the stock is owned by insiders.

HubSpot Trading Up 3.4%

Shares of HubSpot stock opened at $508.16 on Tuesday. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13. The stock has a market cap of $26.77 billion, a price-to-earnings ratio of -2,209.39, a price-to-earnings-growth ratio of 16.93 and a beta of 1.58. The company has a fifty day moving average price of $497.22 and a 200 day moving average price of $557.17.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 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 analysts’ expectations of $739.94 million. During the same quarter in the previous year, the firm posted $1.94 earnings per share. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. Analysts forecast 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.