QRG Capital Management Inc. Purchases 24 Shares of HubSpot, Inc. $HUBS

QRG Capital Management Inc. increased its position in shares of HubSpot, Inc. (NYSE:HUBSFree Report) by 5.9% during the 2nd quarter, Holdings Channel reports. The firm owned 434 shares of the software maker’s stock after acquiring an additional 24 shares during the period. QRG Capital Management Inc.’s holdings in HubSpot were worth $242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hilltop National Bank bought a new stake in shares of HubSpot during the 2nd quarter valued at $32,000. Cullen Frost Bankers Inc. raised its position in shares of HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock valued at $34,000 after purchasing an additional 34 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of HubSpot during the 1st quarter valued at $35,000. GW&K Investment Management LLC raised its position in shares of HubSpot by 203.8% during the 1st quarter. GW&K Investment Management LLC now owns 79 shares of the software maker’s stock valued at $45,000 after purchasing an additional 53 shares during the period. Finally, S Bank Fund Management Ltd bought a new stake in shares of HubSpot during the 1st quarter valued at $46,000. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 17,253 shares of HubSpot stock in a transaction on Monday, September 8th. The shares were sold at an average price of $500.66, for a total value of $8,637,886.98. Following the completion of the transaction, the chief technology officer directly owned 1,275,805 shares of the company’s stock, valued at $638,744,531.30. This trade represents a 1.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the transaction, the chief financial officer directly owned 38,794 shares of the company’s stock, valued at $19,397,000. The trade was a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,098 shares of company stock valued at $25,563,137. Corporate insiders own 4.00% of the company’s stock.

HubSpot Stock Down 3.1%

Shares of NYSE:HUBS opened at $438.97 on Monday. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13. The stock has a market capitalization of $23.13 billion, a P/E ratio of -1,908.57, a PEG ratio of 15.16 and a beta of 1.58. The firm has a fifty day simple moving average of $475.29 and a two-hundred day simple moving average of $538.76.

HubSpot (NYSE:HUBSGet Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business had revenue of $760.87 million during the quarter, compared to analysts’ expectations of $739.94 million. During the same period last year, the company posted $1.94 EPS. The business’s revenue was up 19.4% on a year-over-year basis. On average, analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on HUBS shares. Piper Sandler started coverage on shares of HubSpot in a research report on Thursday, September 4th. They set an “overweight” rating and a $675.00 price objective on the stock. Canaccord Genuity Group cut 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. Sanford C. Bernstein raised shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 target price for the company in a research note on Wednesday, September 3rd. UBS Group reaffirmed an “outperform” rating on shares of HubSpot in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company began coverage on shares of HubSpot in a research note on Tuesday, September 30th. They set an “overweight” rating and a $685.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $723.11.

Check Out Our Latest Report on HUBS

About HubSpot

(Free Report)

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.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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