WCM Investment Management LLC Purchases 214 Shares of HubSpot, Inc. $HUBS

WCM Investment Management LLC raised its stake in HubSpot, Inc. (NYSE:HUBS) by 8.0% in the second quarter, Holdings Channel reports. The firm owned 2,882 shares of the software maker’s stock after acquiring an additional 214 shares during the quarter. WCM Investment Management LLC’s holdings in HubSpot were worth $1,587,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HUBS. Venturi Wealth Management LLC increased its stake in shares of HubSpot by 1.1% in the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock valued at $861,000 after purchasing an additional 16 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of HubSpot by 3.0% in the 1st quarter. Yousif Capital Management LLC now owns 662 shares of the software maker’s stock valued at $378,000 after purchasing an additional 19 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of HubSpot by 3.5% in the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock valued at $334,000 after purchasing an additional 20 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of HubSpot by 5.2% in the 1st quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker’s stock valued at $231,000 after purchasing an additional 20 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of HubSpot by 5.9% in the 2nd quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after purchasing an additional 24 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HUBS shares. Cantor Fitzgerald restated an “overweight” rating and set a $775.00 price objective on shares of HubSpot in a research report on Friday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $900.00 price target on shares of HubSpot in a research report on Thursday, September 4th. Raymond James Financial reduced their price target on HubSpot from $825.00 to $655.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. UBS Group reiterated an “outperform” rating on shares of HubSpot in a research report on Wednesday, September 3rd. Finally, Wall Street Zen lowered HubSpot from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $723.11.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,387 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the transaction, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathryn Bueker sold 615 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $307,500.00. Following the transaction, the chief financial officer directly owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,598 shares of company stock valued at $20,947,042 in the last three months. 4.00% of the stock is currently owned by company insiders.

HubSpot Stock Performance

Shares of HUBS opened at $433.37 on Friday. The stock has a 50 day moving average price of $472.04 and a two-hundred day moving average price of $535.70. The firm has a market capitalization of $22.83 billion, a P/E ratio of -1,884.22, a P/E/G ratio of 15.36 and a beta of 1.58. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) 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. The firm had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 EPS. On average, equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.