Diversified Trust Co Has $476,000 Stake in HubSpot, Inc. $HUBS

Diversified Trust Co decreased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 34.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 856 shares of the software maker’s stock after selling 451 shares during the period. Diversified Trust Co’s holdings in HubSpot were worth $476,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Private Trust Co. NA increased its holdings in shares of HubSpot by 481.5% during 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 during the last quarter. Acadian Asset Management LLC increased its holdings in shares of HubSpot by 15.0% during the 1st quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock valued at $2,888,000 after acquiring an additional 660 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of HubSpot by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock valued at $16,427,000 after acquiring an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of HubSpot by 1,840.0% during the 1st 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 last quarter. Finally, Strs Ohio acquired a new position in shares of HubSpot during the 1st quarter valued at about $10,569,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Kathryn Bueker sold 119 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $500.00, for a total transaction of $59,500.00. Following the completion of the sale, the chief financial officer directly owned 40,563 shares of the company’s stock, valued at $20,281,500. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $506.52, for a total value of $4,305,420.00. Following the sale, the director directly owned 522,185 shares of the company’s stock, valued at $264,497,146.20. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,094 shares of company stock valued at $25,716,404. Company insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Sanford C. Bernstein raised HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price objective on the stock in a report on Wednesday, September 3rd. Needham & Company LLC restated a “buy” rating and set a $900.00 target price on shares of HubSpot in a research note on Thursday, September 4th. Cantor Fitzgerald assumed coverage on HubSpot in a research note on Tuesday, June 3rd. They set an “overweight” rating and a $775.00 target price for the company. Macquarie decreased their target price on HubSpot from $730.00 to $660.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. Finally, Stifel Nicolaus decreased their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Monday, July 14th. 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $722.93.

HubSpot Price Performance

HUBS stock opened at $514.13 on Wednesday. The business has a fifty day moving average price of $493.57 and a 200 day moving average price of $551.20. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13. The stock has a market capitalization of $27.09 billion, a price-to-earnings ratio of -2,235.35, a P/E/G ratio of 18.07 and a beta of 1.58.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating 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 firm had revenue of $760.87 million during the quarter, compared to analysts’ expectations of $739.94 million. During the same period last year, the firm posted $1.94 EPS. The business’s revenue was up 19.4% on a year-over-year basis. On average, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.