Evolutionary Tree Capital Management LLC decreased its position in shares of HubSpot, Inc. (NYSE:HUBS – Free Report) 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
View Our Latest Stock Analysis on HUBS
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 – Get Free Report) 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.
Featured Stories
- Five stocks we like better than HubSpot
- Conference Calls and Individual Investors
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- MarketBeat Week in Review – 9/16 – 9/20
- Dividend Capture Strategy: What You Need to Know
- Don’t Miss These 3 Retail Stocks for Fall Gains
Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot, Inc. (NYSE:HUBS – Free Report).
Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.