Hantz Financial Services Inc. Buys Shares of 1,544 HubSpot, Inc. (NYSE:HUBS)

Hantz Financial Services Inc. bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,544 shares of the software maker’s stock, valued at approximately $911,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of HubSpot in the 2nd quarter valued at approximately $35,000. iA Global Asset Management Inc. purchased a new stake in shares of HubSpot in the 2nd quarter valued at approximately $241,000. Azzad Asset Management Inc. ADV raised its stake in shares of HubSpot by 21.2% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 3,924 shares of the software maker’s stock valued at $2,314,000 after acquiring an additional 686 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of HubSpot by 15.9% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 5,103 shares of the software maker’s stock valued at $3,010,000 after acquiring an additional 699 shares during the period. Finally, Crewe Advisors LLC raised its stake in shares of HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after acquiring an additional 63 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the sale, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares in the company, valued at approximately $4,548,484.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the sale, the insider now owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The disclosure for this sale can be found here. Insiders sold a total of 37,896 shares of company stock worth $21,243,275 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HUBS. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a research note on Thursday, August 8th. UBS Group cut their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Raymond James cut their target price on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Bank of America cut their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group cut their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $610.79.

HubSpot Stock Performance

Shares of HubSpot stock opened at $499.07 on Friday. The company has a fifty day simple moving average of $508.77 and a 200-day simple moving average of $578.08. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter in the prior year, the business posted ($1.17) EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts forecast that HubSpot, Inc. will post 0.01 earnings per share for the current year.

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.