Farther Finance Advisors LLC Raises Holdings in HubSpot, Inc. $HUBS

Farther Finance Advisors LLC increased its position in HubSpot, Inc. (NYSE:HUBS) by 12.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 360 shares of the software maker’s stock after acquiring an additional 41 shares during the quarter. Farther Finance Advisors LLC’s holdings in HubSpot were worth $201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HUBS. Wealth Enhancement Advisory Services LLC boosted its holdings in HubSpot by 45.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the software maker’s stock worth $3,238,000 after buying an additional 1,450 shares during the period. Versant Capital Management Inc boosted its holdings in shares of HubSpot by 67.5% in the first quarter. Versant Capital Management Inc now owns 139 shares of the software maker’s stock worth $79,000 after acquiring an additional 56 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of HubSpot by 10.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 446 shares of the software maker’s stock valued at $255,000 after purchasing an additional 42 shares in the last quarter. Rhumbline Advisers raised its stake in shares of HubSpot by 0.9% during the 1st quarter. Rhumbline Advisers now owns 67,687 shares of the software maker’s stock valued at $38,669,000 after purchasing an additional 583 shares during the period. Finally, Merit Financial Group LLC lifted its holdings in HubSpot by 185.2% during the 1st quarter. Merit Financial Group LLC now owns 2,467 shares of the software maker’s stock worth $1,409,000 after purchasing an additional 1,602 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HUBS. Wells Fargo & Company initiated coverage on HubSpot in a report on Tuesday. They set an “overweight” rating and a $685.00 target price for the company. KeyCorp reduced their price objective on shares of HubSpot from $860.00 to $775.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Canaccord Genuity Group lowered their target price on shares of HubSpot from $765.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Barclays decreased their price target on shares of HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $723.11.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the transaction, the director directly owned 522,435 shares in the company, valued at $235,012,160.40. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 119 shares of HubSpot stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 40,563 shares in the company, valued at $20,281,500. This trade represents a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,096 shares of company stock valued at $24,062,137. 4.00% of the stock is currently owned by corporate insiders.

HubSpot Stock Performance

NYSE HUBS opened at $439.70 on Thursday. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13. The company has a fifty day moving average of $487.54 and a 200-day moving average of $547.23. The company has a market capitalization of $23.17 billion, a P/E ratio of -1,911.75, a P/E/G ratio of 16.13 and a beta of 1.59.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS 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 business had revenue of $760.87 million for the quarter, compared to analysts’ expectations of $739.94 million. During the same quarter in the prior year, the firm earned $1.94 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. As a group, analysts forecast that HubSpot, Inc. will post 1.01 EPS 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.