HubSpot, Inc. $HUBS Shares Acquired by TFB Advisors LLC

TFB Advisors LLC grew its stake in HubSpot, Inc. (NYSE:HUBS) by 15.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 551 shares of the software maker’s stock after acquiring an additional 75 shares during the quarter. TFB Advisors LLC’s holdings in HubSpot were worth $307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HUBS. Whittier Trust Co. increased its stake in shares of HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of HubSpot in the 2nd quarter worth $32,000. Cullen Frost Bankers Inc. increased its stake in shares of HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock worth $34,000 after acquiring an additional 34 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of HubSpot in the 1st quarter worth $35,000. Finally, GW&K Investment Management LLC increased its stake in shares of HubSpot by 203.8% in the 1st quarter. GW&K Investment Management LLC now owns 79 shares of the software maker’s stock worth $45,000 after acquiring an additional 53 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group reaffirmed an “outperform” rating on shares of HubSpot in a research note on Wednesday, September 3rd. Canaccord Genuity Group cut their target price on HubSpot from $765.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. cut their price objective on HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. Macquarie cut their price objective on HubSpot from $730.00 to $660.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Finally, KeyCorp cut their price objective on HubSpot from $860.00 to $775.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $719.54.

HubSpot Trading Down 1.6%

Shares of NYSE:HUBS opened at $470.28 on Thursday. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of -2,044.71, a PEG ratio of 16.49 and a beta of 1.58. The business has a 50-day moving average price of $474.20 and a 200 day moving average price of $533.20. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. As a group, equities research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated 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 directly owned 522,435 shares of the company’s stock, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,598 shares of company stock valued at $20,947,042. 4.00% of the stock is owned by insiders.

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.