US Bancorp DE Decreases Stock Holdings in HubSpot, Inc. $HUBS

US Bancorp DE trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,763 shares of the software maker’s stock after selling 45 shares during the quarter. US Bancorp DE’s holdings in HubSpot were worth $1,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HUBS. Price T Rowe Associates Inc. MD raised its holdings in HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after buying an additional 714,980 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock valued at $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock worth $2,997,407,000 after purchasing an additional 201,994 shares in the last quarter. Nuveen LLC purchased a new stake in shares of HubSpot in the first quarter worth $99,963,000. Finally, AQR Capital Management LLC lifted its holdings in shares of HubSpot by 64.2% in the first quarter. AQR Capital Management LLC now owns 341,957 shares of the software maker’s stock worth $191,431,000 after buying an additional 133,720 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Price Performance

Shares of HUBS opened at $433.37 on Friday. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13. The stock has a market cap of $22.83 billion, a PE ratio of -1,884.22, a P/E/G ratio of 15.36 and a beta of 1.58. The firm has a 50-day simple moving average of $472.04 and a two-hundred day simple moving average of $535.70.

HubSpot (NYSE:HUBS) last announced 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 negative net margin of 0.42% and a positive return on equity of 1.74%. The business had revenue of $760.87 million during the quarter, compared to analysts’ expectations of $739.94 million. During the same period last year, the business earned $1.94 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HUBS. UBS Group restated an “outperform” rating on shares of HubSpot in a research report on Wednesday, September 3rd. Wall Street Zen downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wells Fargo & Company initiated coverage on shares of HubSpot in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $685.00 price objective on the stock. Citigroup lowered their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, Raymond James Financial reduced their price target on shares of HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $723.11.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred 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 completion of the transaction, the director owned 522,185 shares in the company, valued at approximately $264,497,146.20. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the transaction, the chief financial officer owned 38,794 shares of the company’s stock, valued at $19,397,000. This trade represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,598 shares of company stock valued at $20,947,042 in the last ninety days. Insiders own 4.00% of the company’s stock.

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.