Susquehanna Fundamental Investments LLC Invests $629,000 in HubSpot, Inc. (NYSE:HUBS)

Susquehanna Fundamental Investments LLC acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,067 shares of the software maker’s stock, valued at approximately $629,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock worth $3,025,964,000 after acquiring an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after acquiring an additional 176,336 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of HubSpot by 50.3% during the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after acquiring an additional 626,977 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of HubSpot by 62.1% during the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after acquiring an additional 604,554 shares in the last quarter. Finally, Twin Focus Capital Partners LLC lifted its holdings in shares of HubSpot by 92,828.2% in the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after purchasing an additional 487,348 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $513.85 on Thursday. The company has a market cap of $26.19 billion, a P/E ratio of -193.91, a P/E/G ratio of 7,010.23 and a beta of 1.63. The stock’s 50-day moving average is $497.54 and its 200-day moving average is $561.41. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly 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 company had revenue of $637.20 million for the quarter, compared to the consensus estimate 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 revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted ($1.17) earnings per share.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the sale, the insider now directly owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Dawson Alyssa Harvey sold 384 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $4,014,295.00. Following the completion of the sale, the insider now owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,000 shares of company stock valued at $18,921,939. 4.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays reduced their target price on HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Stifel Nicolaus reduced their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Canaccord Genuity Group reduced their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Citigroup reduced their target price on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Evercore ISI reduced their target price on HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.