Insigneo Advisory Services LLC Acquires 99 Shares of HubSpot, Inc. (NYSE:HUBS)

Insigneo Advisory Services LLC increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 24.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 510 shares of the software maker’s stock after acquiring an additional 99 shares during the period. Insigneo Advisory Services LLC’s holdings in HubSpot were worth $301,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in HubSpot by 61.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,219 shares of the software maker’s stock valued at $5,437,000 after purchasing an additional 3,511 shares during the last quarter. Marshall Wace LLP lifted its stake in HubSpot by 88.7% in the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after purchasing an additional 113,555 shares during the last quarter. Xponance Inc. lifted its stake in HubSpot by 4.1% in the second quarter. Xponance Inc. now owns 8,766 shares of the software maker’s stock valued at $5,170,000 after purchasing an additional 342 shares during the last quarter. Tairen Capital Ltd lifted its stake in HubSpot by 388.9% in the second quarter. Tairen Capital Ltd now owns 9,777 shares of the software maker’s stock valued at $5,766,000 after purchasing an additional 7,777 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new position in HubSpot in the second quarter valued at approximately $690,000. 90.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated 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 directly owns 67,203 shares in the company, valued at $33,009,441.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction that occurred 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 transaction, the insider now owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The disclosure for this sale can be found here. Insiders sold 38,012 shares of company stock worth $21,300,253 over the last three months. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HUBS shares. Raymond James dropped their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company dropped their target price on HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Barclays dropped their target price on HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Oppenheimer restated an “outperform” rating and set a $625.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Finally, KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $610.79.

HubSpot Price Performance

Shares of HUBS opened at $536.41 on Friday. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The company has a 50-day simple moving average of $493.85 and a two-hundred day simple moving average of $564.33. The firm has a market capitalization of $27.34 billion, a PE ratio of -201.84, a price-to-earnings-growth ratio of 7,010.23 and a beta of 1.63.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping 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 analyst estimates of $619.28 million. During the same period last year, the business posted ($1.17) earnings per share. HubSpot’s quarterly revenue was up 20.4% compared to the same quarter last year.

HubSpot Company 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.