Vanguard Personalized Indexing Management LLC Raises Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 12.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,413 shares of the software maker’s stock after purchasing an additional 620 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in HubSpot were worth $3,193,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HUBS. Vanguard Group Inc. lifted its position in shares of HubSpot by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after purchasing an additional 39,098 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Wellington Management Group LLP lifted its holdings in HubSpot by 50.3% during the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after buying an additional 626,977 shares during the last quarter. Jennison Associates LLC grew its position in shares of HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after acquiring an additional 604,554 shares in the last quarter. Finally, Twin Focus Capital Partners LLC increased its holdings in shares of HubSpot by 92,828.2% in the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after acquiring an additional 487,348 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on HUBS shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $570.00 price objective on shares of HubSpot in a report on Thursday. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a report on Thursday, August 8th. Citigroup dropped their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus decreased their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Bank of America lowered their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $610.79.

HubSpot Stock Performance

Shares of HUBS stock opened at $530.16 on Friday. The stock has a market cap of $27.02 billion, a PE ratio of -200.06, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63. The business’s fifty day moving average is $488.79 and its 200-day moving average is $567.18. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85.

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

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s 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 sale, the insider now directly owns 518,152 shares in the company, valued at $244,707,645.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,012 shares of company stock valued at $21,300,253. 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.