Asset Dedication LLC Buys Shares of 118 HubSpot, Inc. (NYSE:HUBS)

Asset Dedication LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS) in the second quarter, HoldingsChannel reports. The firm purchased 118 shares of the software maker’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in HubSpot by 0.8% in 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 period. Price T Rowe Associates Inc. MD raised its stake in shares of HubSpot by 10.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after buying an additional 626,977 shares during the period. Jennison Associates LLC boosted its stake in HubSpot by 62.1% during the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after buying an additional 604,554 shares in the last quarter. Finally, Norges Bank acquired a new position in HubSpot during the fourth quarter worth about $311,236,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HUBS shares. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a research report on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and issued a $700.00 price target on shares of HubSpot in a research report on Thursday, August 8th. Barclays cut their price objective on HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus dropped their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Oppenheimer decreased their price objective on shares of HubSpot from $725.00 to $625.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $610.79.

Insider Activity

In related news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock valued at $21,300,253 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

HubSpot Price Performance

HubSpot stock opened at $494.94 on Tuesday. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The company’s fifty day moving average price is $498.55 and its two-hundred day moving average price is $573.05. The company has a market capitalization of $25.42 billion, a price-to-earnings ratio of -186.77, a PEG ratio of 3,132.37 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, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same quarter in the prior year, the firm posted ($1.17) EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, sell-side analysts anticipate 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.