Marshall Wace LLP Has $142.47 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Marshall Wace LLP raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 88.7% in the second quarter, Holdings Channel.com reports. The fund owned 241,557 shares of the software maker’s stock after acquiring an additional 113,555 shares during the quarter. Marshall Wace LLP’s holdings in HubSpot were worth $142,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Riverview Trust Co bought a new position in shares of HubSpot in the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. lifted its position in shares of HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in HubSpot in the 2nd quarter valued at approximately $35,000. Crewe Advisors LLC increased its position in HubSpot by 525.0% in the 2nd 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 period. Finally, SYSTM Wealth Solutions LLC boosted its position in shares of HubSpot by 54.0% in the first quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock valued at $48,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays decreased their price target on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Citigroup lowered their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Raymond James reduced their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective on the stock in a research report on Thursday, August 8th. Finally, UBS Group reduced their target price on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average target price of $610.79.

HubSpot Trading Up 0.1 %

NYSE HUBS opened at $527.32 on Tuesday. The company has a market capitalization of $26.87 billion, a PE ratio of -198.99, a P/E/G ratio of 3,140.82 and a beta of 1.63. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The stock has a 50-day simple moving average of $490.90 and a 200 day simple moving average of $565.28.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. The firm 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%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.17) earnings per share. As a group, sell-side analysts predict that HubSpot, Inc. will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 1,135 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $672,828.00. Following the sale, the chief financial officer now owns 44,715 shares of the company’s stock, valued at $26,507,052. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Kathryn Bueker sold 1,135 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The transaction was disclosed in a legal filing 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 dated 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 of the company’s stock, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,012 shares of company stock worth $21,300,253. 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.