Tairen Capital Ltd Has $5.77 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Tairen Capital Ltd raised its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 388.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,777 shares of the software maker’s stock after purchasing an additional 7,777 shares during the quarter. HubSpot accounts for about 0.2% of Tairen Capital Ltd’s investment portfolio, making the stock its 15th biggest position. Tairen Capital Ltd’s holdings in HubSpot were worth $5,766,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in HubSpot by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after buying an additional 119,999 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of HubSpot by 10.1% in the 4th quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after acquiring an additional 2,057 shares during the period. Stifel Financial Corp grew its holdings in shares of HubSpot by 15.1% during the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after purchasing an additional 4,371 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 1,560 shares in the last quarter. Finally, M&G Plc bought a new stake in shares of HubSpot during the first quarter valued at approximately $8,533,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Down 0.6 %

HUBS stock opened at $526.88 on Monday. The company has a market cap of $26.85 billion, a P/E ratio of -198.82, a PEG ratio of 3,140.82 and a beta of 1.63. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The business has a fifty day moving average of $489.80 and a 200-day moving average of $565.89.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS 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 analyst estimates of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.17) earnings per share. As a group, equities research analysts anticipate that HubSpot, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now directly owns 518,152 shares in the company, valued at $244,707,645.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the completion of the transaction, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 1,135 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 value of $672,828.00. Following the completion of the transaction, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The disclosure for this sale can be found here. Insiders sold 38,012 shares of company stock valued at $21,300,253 in the last quarter. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several research reports. Citigroup reduced their target price on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Barclays reduced their price objective on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Truist Financial reissued a “buy” rating and issued a $600.00 target price (down previously from $700.00) on shares of HubSpot in a research note on Thursday, August 8th. Raymond James cut their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $700.00 price objective on shares of HubSpot in a report on Thursday. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $610.79.

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.