Toronto Dominion Bank Has $8.36 Million Position in HubSpot, Inc. (NYSE:HUBS)

Toronto Dominion Bank increased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 206.8% in the second quarter, Holdings Channel reports. The firm owned 14,178 shares of the software maker’s stock after buying an additional 9,556 shares during the quarter. Toronto Dominion Bank’s holdings in HubSpot were worth $8,362,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Riverview Trust Co bought a new stake in shares of HubSpot in the first quarter worth about $27,000. Geneos Wealth Management Inc. boosted its holdings in shares of HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of HubSpot in the second quarter valued at $35,000. Crewe Advisors LLC increased its holdings in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC raised its position in HubSpot by 54.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock worth $48,000 after acquiring an additional 27 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HUBS. UBS Group dropped their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Raymond James dropped their price target on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Barclays decreased 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. Canaccord Genuity Group decreased their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Oppenheimer restated an “outperform” rating and issued a $625.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $610.79.

HubSpot Stock Up 0.2 %

NYSE:HUBS opened at $536.00 on Friday. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The stock’s 50-day simple moving average is $494.98 and its 200 day simple moving average is $563.80. The firm has a market capitalization of $27.32 billion, a PE ratio of -202.26, a price-to-earnings-growth ratio of 7,010.23 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted 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 for 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%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted ($1.17) EPS.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the transaction, the chief executive officer now directly owns 68,037 shares in the company, valued at $40,332,333.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred 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 approximately $244,707,645.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the transaction, the chief executive officer now owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The disclosure for this sale can be found here. Insiders have sold 38,012 shares of company stock worth $21,300,253 over the last quarter. 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.