HubSpot, Inc. (NYSE:HUBS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,790,390 shares of the software maker’s stock after buying an additional 119,999 shares during the quarter. Vanguard Group Inc. owned 0.09% of HubSpot worth $2,781,013,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HUBS. Rakuten Securities Inc. purchased a new stake in shares of HubSpot in the 4th quarter valued at approximately $29,000. Venturi Wealth Management LLC grew its position in shares of HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares during the last quarter. Larson Financial Group LLC grew its position in shares of HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after buying an additional 69 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of HubSpot in the 4th quarter valued at $50,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of HubSpot by 29.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after buying an additional 21 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on HUBS. BMO Capital Markets dropped their target price on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Barclays lowered their price objective on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Mizuho lowered their price objective on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Needham & Company LLC reissued a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, May 9th. Finally, Stifel Nicolaus lowered their price objective on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $641.00.

HubSpot Stock Down 2.4 %

Shares of NYSE HUBS opened at $570.66 on Tuesday. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $615.08 and a 200-day simple moving average of $599.52.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. The firm had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. Sell-side analysts anticipate that HubSpot, Inc. will post -0.56 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,874 shares of HubSpot stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the transaction, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at $46,898,542.08. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Yamini Rangan sold 2,874 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the transaction, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at $46,898,542.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The disclosure for this sale can be found here. Insiders have sold a total of 20,353 shares of company stock valued at $12,845,623 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

About HubSpot

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.