HubSpot, Inc. $HUBS Position Raised by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in HubSpot, Inc. (NYSE:HUBS) by 44.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,710 shares of the software maker’s stock after purchasing an additional 4,539 shares during the period. Exchange Traded Concepts LLC’s holdings in HubSpot were worth $5,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBS. Turning Point Benefit Group Inc. acquired a new stake in shares of HubSpot in the third quarter valued at $25,000. Strategic Advocates LLC acquired a new position in HubSpot during the third quarter worth about $25,000. Goodman Advisory Group LLC bought a new stake in HubSpot in the second quarter worth about $27,000. Rakuten Securities Inc. raised its position in HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares in the last quarter. Finally, Exane Asset Management acquired a new stake in HubSpot in the 3rd quarter valued at about $30,000. 90.39% of the stock is owned by institutional investors.

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the transaction, the director directly owned 370,558 shares in the company, valued at approximately $97,364,114.50. The trade was a 2.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider directly owned 10,119 shares in the company, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 26,691 shares of company stock valued at $7,250,662. 4.00% of the stock is owned by insiders.

HubSpot Trading Up 3.1%

NYSE HUBS opened at $237.86 on Tuesday. The stock’s 50-day moving average price is $261.68 and its two-hundred day moving average price is $364.05. The company has a market cap of $12.54 billion, a PE ratio of 273.40, a PEG ratio of 3.44 and a beta of 1.40. HubSpot, Inc. has a 1 year low of $207.20 and a 1 year high of $682.57.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. During the same period in the prior year, the firm earned $2.32 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. Research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HUBS shares. Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. Sanford C. Bernstein reiterated an “outperform” rating on shares of HubSpot in a report on Thursday, February 12th. BTIG Research cut their target price on shares of HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Jefferies Financial Group reduced their target price on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Morgan Stanley restated an “overweight” rating on shares of HubSpot in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $443.34.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.