HighVista Strategies LLC Buys Shares of 2,100 HubSpot, Inc. (NYSE:HUBS)

HighVista Strategies LLC purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the second quarter, Holdings Channel reports. The institutional investor purchased 2,100 shares of the software maker’s stock, valued at approximately $1,239,000.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of HubSpot by 14.3% during the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares in the last quarter. First Affirmative Financial Network raised its position in shares of HubSpot by 3.8% during the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after buying an additional 18 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of HubSpot by 17.9% during the first quarter. Lindbrook Capital LLC now owns 138 shares of the software maker’s stock valued at $86,000 after acquiring an additional 21 shares during the period. Eagle Wealth Strategies LLC boosted its stake in shares of HubSpot by 5.8% in the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock valued at $246,000 after purchasing an additional 21 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after acquiring an additional 25 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of recent analyst reports. Evercore ISI reduced their target price on HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a report on Thursday, August 8th. Truist Financial reiterated a “buy” rating and issued a $600.00 target price (down from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Bank of America decreased their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $700.00 price objective on shares of HubSpot in a research note on Thursday. Finally, Oppenheimer restated an “outperform” rating and issued a $625.00 price target on shares of HubSpot in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $610.79.

Insider Transactions at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction 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 completion of the transaction, the insider now directly owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the firm’s 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 completion of the sale, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now owns 68,037 shares in the company, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. In the last three months, insiders sold 38,012 shares of company stock worth $21,300,253. 4.50% of the stock is owned by company insiders.

HubSpot Trading Down 0.6 %

NYSE HUBS opened at $526.88 on Monday. The firm’s fifty day moving average price is $489.80 and its two-hundred day moving average price is $565.89. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The firm has a market capitalization of $26.85 billion, a P/E ratio of -198.82, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. The business had revenue of $637.20 million during 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%. HubSpot’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the business posted ($1.17) EPS. On average, research analysts anticipate that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

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.