Evolutionary Tree Capital Management LLC Has $4.79 Million Position in HubSpot, Inc. (NYSE:HUBS)

Evolutionary Tree Capital Management LLC decreased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 14.7% in the 2nd quarter, Holdings Channel reports. The firm owned 8,125 shares of the software maker’s stock after selling 1,402 shares during the quarter. HubSpot accounts for about 4.9% of Evolutionary Tree Capital Management LLC’s portfolio, making the stock its 4th largest holding. Evolutionary Tree Capital Management LLC’s holdings in HubSpot were worth $4,792,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its position in shares of HubSpot by 60.0% during the 4th quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker’s stock worth $1,141,000 after buying an additional 737 shares during the period. Principal Securities Inc. acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $50,000. Dimensional Fund Advisors LP grew its position in shares of HubSpot by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the software maker’s stock worth $41,470,000 after buying an additional 631 shares during the period. Avantax Advisory Services Inc. acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $200,000. Finally, PNC Financial Services Group Inc. grew its position in shares of HubSpot by 74.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock worth $2,117,000 after buying an additional 1,560 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other 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 transaction of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. The disclosure for this sale can be found here. Insiders have sold 38,012 shares of company stock worth $21,300,253 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Bank of America reduced their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $570.00 price objective on shares of HubSpot in a research report on Thursday. Piper Sandler reissued an “overweight” rating and issued a $570.00 price target on shares of HubSpot in a research report on Thursday. Raymond James reduced their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group reduced their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $610.79.

HubSpot Price Performance

NYSE HUBS opened at $526.88 on Friday. The stock has a market capitalization of $26.85 billion, a price-to-earnings ratio of -198.82, a PEG ratio of 3,140.82 and a beta of 1.63. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The business’s fifty day moving average is $489.80 and its 200-day moving average is $566.20.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.17) EPS. Research analysts expect that HubSpot, Inc. will post 0.01 EPS for the current fiscal 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.