1,533 Shares in HubSpot, Inc. $HUBS Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,533 shares of the software maker’s stock, valued at approximately $853,000.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA increased its holdings in shares of HubSpot by 481.5% in the 1st quarter. Private Trust Co. NA now owns 157 shares of the software maker’s stock worth $90,000 after buying an additional 130 shares during the last quarter. Moody Lynn & Lieberson LLC increased its stake in HubSpot by 2,038.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after acquiring an additional 19,973 shares during the last quarter. Acadian Asset Management LLC raised its position in HubSpot by 15.0% during the first quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock valued at $2,888,000 after purchasing an additional 660 shares in the last quarter. Nordea Investment Management AB lifted its stake in HubSpot by 74.4% during the second quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock worth $8,921,000 after purchasing an additional 6,846 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position 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 purchasing an additional 1,276 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HUBS has been the subject of several research reports. Barclays cut their target price on HubSpot from $745.00 to $675.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Truist Financial lowered their price objective on shares of HubSpot from $720.00 to $675.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Macquarie cut their price objective on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. Canaccord Genuity Group decreased their target price on shares of HubSpot from $765.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Finally, UBS Group restated an “outperform” rating on shares of HubSpot in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $717.75.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,387 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the completion of the transaction, the chief executive officer owned 56,277 shares in the company, valued at approximately $28,138,500. This represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Halligan sold 8,265 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $446.98, for a total transaction of $3,694,289.70. Following the sale, the director owned 513,466 shares in the company, valued at approximately $229,509,032.68. This trade represents a 1.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,863 shares of company stock valued at $24,641,332 in the last three months. Company insiders own 4.00% of the company’s stock.

HubSpot Price Performance

Shares of NYSE HUBS opened at $471.85 on Tuesday. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13. The stock has a market capitalization of $24.86 billion, a P/E ratio of -2,051.53, a P/E/G ratio of 16.11 and a beta of 1.58. The company’s 50-day moving average is $476.18 and its 200 day moving average is $532.62.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $739.94 million. During the same period last year, the business posted $1.94 earnings per share. HubSpot’s quarterly revenue was up 19.4% compared to the same quarter last year. Research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current 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.