Campbell & CO Investment Adviser LLC Purchases 5,398 Shares of HubSpot, Inc. $HUBS

Campbell & CO Investment Adviser LLC raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 990.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,943 shares of the software maker’s stock after acquiring an additional 5,398 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in HubSpot were worth $3,395,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HUBS. Price T Rowe Associates Inc. MD boosted its holdings in HubSpot by 17.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock valued at $2,805,070,000 after acquiring an additional 714,980 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock valued at $530,115,000 after acquiring an additional 251,853 shares during the period. Vanguard Group Inc. boosted its holdings in HubSpot by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock valued at $2,997,407,000 after acquiring an additional 201,994 shares during the period. GAMMA Investing LLC boosted its holdings in HubSpot by 80,552.5% during the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker’s stock valued at $1,018,280,000 after acquiring an additional 178,021 shares during the period. Finally, Nuveen LLC bought a new stake in HubSpot during the first quarter valued at about $99,963,000. 90.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at approximately $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the transaction, the chief executive officer owned 63,918 shares of the company’s stock, valued at $35,269,313.22. This trade represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,498 shares of company stock worth $14,752,256 over the last quarter. Company insiders own 4.00% of the company’s stock.

HubSpot Stock Up 4.0%

Shares of HUBS opened at $474.2280 on Friday. The stock has a market cap of $24.99 billion, a price-to-earnings ratio of -2,061.86, a P/E/G ratio of 16.34 and a beta of 1.66. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The company has a 50-day moving average price of $518.67 and a two-hundred day moving average price of $590.07.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million during the quarter, compared to analysts’ expectations of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 earnings per share. Equities research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

HUBS has been the subject of several research reports. Canaccord Genuity Group reduced their target price on shares of HubSpot from $765.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Morgan Stanley increased their target price on shares of HubSpot from $659.00 to $752.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Citigroup reduced their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Raymond James Financial reduced their target price on shares of HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. Finally, Truist Financial reduced their target price on shares of HubSpot from $720.00 to $675.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $726.04.

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.