3,553 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,553 shares of the software maker’s stock, valued at approximately $2,096,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Dorsal Capital Management LP acquired a new stake in shares of HubSpot in the second quarter valued at about $44,234,000. APG Asset Management N.V. boosted its stake in HubSpot by 11.6% during the 2nd quarter. APG Asset Management N.V. now owns 41,662 shares of the software maker’s stock valued at $22,927,000 after purchasing an additional 4,324 shares during the period. APG Asset Management US Inc. grew its holdings in HubSpot by 2.4% in the 2nd quarter. APG Asset Management US Inc. now owns 14,762 shares of the software maker’s stock valued at $8,748,000 after buying an additional 339 shares during the last quarter. Alight Capital Management LP grew its holdings in HubSpot by 138.4% in the 2nd quarter. Alight Capital Management LP now owns 23,843 shares of the software maker’s stock valued at $14,062,000 after buying an additional 13,843 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its position in HubSpot by 8,996.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 25,380 shares of the software maker’s stock worth $14,969,000 after buying an additional 25,101 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the transaction, the chief technology officer now directly owns 1,348,929 shares in the company, valued at $791,618,983.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $586.85, for a total value of $14,671,250.00. Following the transaction, the chief technology officer now owns 1,348,929 shares in the company, valued at $791,618,983.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,877 shares of the business’s 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 sale, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,012 shares of company stock worth $21,300,253. 4.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HUBS has been the subject of several research reports. Evercore ISI reduced their price objective on HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus reduced their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective on the stock in a report on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and issued a $625.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Finally, UBS Group lowered their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research note 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’s stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

HubSpot Price Performance

HUBS stock opened at $536.00 on Monday. The business has a fifty day moving average price of $494.98 and a 200 day moving average price of $562.96. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The stock has a market capitalization of $27.32 billion, a price-to-earnings ratio of -202.26, a P/E/G ratio of 7,010.23 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million during 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 firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted ($1.17) earnings per share.

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.