Evolutionary Tree Capital Management LLC Grows Stake in HubSpot, Inc. $HUBS

Evolutionary Tree Capital Management LLC boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 56.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,551 shares of the software maker’s stock after acquiring an additional 1,285 shares during the quarter. HubSpot comprises about 2.1% of Evolutionary Tree Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. Evolutionary Tree Capital Management LLC’s holdings in HubSpot were worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Whittier Trust Co. increased its position in shares of HubSpot by 136.4% during the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Hilltop National Bank bought a new stake in HubSpot in the second quarter worth $32,000. N.E.W. Advisory Services LLC purchased a new position in HubSpot during the first quarter worth $35,000. Atlantic Union Bankshares Corp bought a new position in HubSpot during the second quarter valued at $39,000. Finally, S Bank Fund Management Ltd purchased a new stake in shares of HubSpot in the first quarter valued at $46,000. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on HUBS. Truist Financial dropped their price target on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company dropped their target price on HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. KeyCorp reduced their price target on HubSpot from $775.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Rothschild Redb cut HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Canaccord Genuity Group cut their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $617.23.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 2,387 shares of the company’s 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 sale, the chief executive officer directly owned 56,277 shares in the company, valued at $28,138,500. This represents a 4.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 615 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $307,500.00. Following the sale, the chief financial officer directly owned 38,794 shares in the company, valued at approximately $19,397,000. The trade was a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,098 shares of company stock worth $24,062,552 over the last quarter. Insiders own 4.00% of the company’s stock.

HubSpot Price Performance

HUBS stock opened at $367.45 on Friday. HubSpot, Inc. has a 1-year low of $344.41 and a 1-year high of $881.13. The business has a 50-day moving average price of $438.63 and a 200 day moving average price of $502.41. The company has a market capitalization of $19.25 billion, a P/E ratio of -4,593.13, a PEG ratio of 12.27 and a beta of 1.60.

HubSpot (NYSE:HUBS) last posted its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.18 EPS. On average, analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot Company Profile

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.