HubSpot, Inc. $HUBS Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 11.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,167 shares of the software maker’s stock after purchasing an additional 7,256 shares during the quarter. Baird Financial Group Inc.’s holdings in HubSpot were worth $38,943,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highview Capital Management LLC DE raised its holdings in shares of HubSpot by 4.5% during the 4th quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker’s stock worth $2,098,000 after acquiring an additional 129 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of HubSpot by 28.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,087 shares of the software maker’s stock worth $1,454,000 after acquiring an additional 463 shares during the period. Baker Avenue Asset Management LP raised its holdings in shares of HubSpot by 6.1% during the 4th quarter. Baker Avenue Asset Management LP now owns 6,472 shares of the software maker’s stock worth $4,510,000 after acquiring an additional 374 shares during the period. Brown Advisory Inc. raised its holdings in shares of HubSpot by 10.0% during the 4th quarter. Brown Advisory Inc. now owns 18,501 shares of the software maker’s stock worth $12,891,000 after acquiring an additional 1,681 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of HubSpot by 41.8% during the 4th quarter. Captrust Financial Advisors now owns 1,933 shares of the software maker’s stock worth $1,347,000 after acquiring an additional 570 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Up 1.4%

Shares of HUBS opened at $483.11 on Monday. The firm has a market cap of $25.45 billion, a P/E ratio of -2,100.46, a price-to-earnings-growth ratio of 16.65 and a beta of 1.58. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13. The company’s 50-day moving average price is $511.25 and its 200 day moving average price is $577.51.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several analyst reports. BMO Capital Markets reduced their price target on HubSpot from $650.00 to $600.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. KeyCorp reduced their price target on HubSpot from $860.00 to $775.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Needham & Company LLC reiterated a “buy” rating and set a $900.00 price target on shares of HubSpot in a report on Friday, May 9th. Wall Street Zen upgraded shares of HubSpot from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Barclays reduced their price objective on shares of HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $726.04.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,383 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares in the company, valued at $35,269,313.22. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the sale, the chief financial officer owned 41,086 shares in the company, valued at $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,498 shares of company stock worth $14,752,256 over the last three months. Company insiders own 4.00% of the company’s stock.

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.