Private Trust Co. NA Purchases 38 Shares of HubSpot, Inc. $HUBS

Private Trust Co. NA lifted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 24.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 195 shares of the software maker’s stock after purchasing an additional 38 shares during the period. Private Trust Co. NA’s holdings in HubSpot were worth $109,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hilltop National Bank purchased a new stake in HubSpot in the 2nd quarter worth approximately $32,000. Cullen Frost Bankers Inc. lifted its stake in HubSpot by 130.8% in the first 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 period. N.E.W. Advisory Services LLC bought a new stake in HubSpot in the first quarter valued at $35,000. GW&K Investment Management LLC boosted its holdings in HubSpot by 203.8% in the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker’s stock valued at $45,000 after acquiring an additional 53 shares in the last quarter. Finally, S Bank Fund Management Ltd purchased a new position in HubSpot during the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HUBS shares. Citigroup reduced their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Wall Street Zen lowered HubSpot from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a research note on Tuesday, October 14th. JPMorgan Chase & Co. reduced their price target on HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Finally, Canaccord Genuity Group lowered their price objective on HubSpot from $765.00 to $700.00 and set a “buy” 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 issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $719.54.

Insider Transactions at HubSpot

In related news, CTO Dharmesh Shah sold 17,253 shares of HubSpot stock in a transaction on Monday, September 8th. The stock was sold at an average price of $500.66, for a total value of $8,637,886.98. Following the completion of the sale, the chief technology officer owned 1,275,805 shares of the company’s stock, valued at $638,744,531.30. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction 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 sale, the director owned 522,435 shares of the company’s stock, valued at approximately $235,012,160.40. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,598 shares of company stock valued at $20,947,042. Corporate insiders own 4.00% of the company’s stock.

HubSpot Stock Down 1.6%

Shares of NYSE HUBS opened at $470.28 on Thursday. The firm’s 50-day moving average price is $474.20 and its 200-day moving average price is $533.20. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13. The company has a market cap of $24.78 billion, a PE ratio of -2,044.71, a PEG ratio of 16.49 and a beta of 1.58.

HubSpot (NYSE:HUBS) last released its quarterly earnings data 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. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm had revenue of $760.87 million during the quarter, compared to analysts’ expectations of $739.94 million. During the same period in the previous year, the company earned $1.94 earnings per share. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal 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.