Interchange Capital Partners LLC Trims Stock Holdings in HubSpot, Inc. $HUBS

Interchange Capital Partners LLC decreased its position in HubSpot, Inc. (NYSE:HUBS) by 38.3% in the second quarter, HoldingsChannel.com reports. The fund owned 227 shares of the software maker’s stock after selling 141 shares during the period. Interchange Capital Partners LLC’s holdings in HubSpot were worth $126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR raised its stake in HubSpot by 43.8% in the 2nd quarter. Generali Asset Management SPA SGR now owns 2,966 shares of the software maker’s stock worth $1,651,000 after acquiring an additional 903 shares during the last quarter. TD Asset Management Inc raised its stake in shares of HubSpot by 11.0% during the 2nd quarter. TD Asset Management Inc now owns 64,337 shares of the software maker’s stock valued at $35,812,000 after buying an additional 6,361 shares during the last quarter. Moran Wealth Management LLC raised its stake in shares of HubSpot by 3.8% during the 2nd quarter. Moran Wealth Management LLC now owns 1,245 shares of the software maker’s stock valued at $693,000 after buying an additional 45 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of HubSpot by 5.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 985 shares of the software maker’s stock valued at $548,000 after buying an additional 49 shares during the last quarter. Finally, OFI Invest Asset Management raised its stake in shares of HubSpot by 4.3% during the 2nd quarter. OFI Invest Asset Management now owns 1,876 shares of the software maker’s stock valued at $1,044,000 after buying an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 1.7%

Shares of HUBS stock opened at $457.60 on Wednesday. The company has a market capitalization of $24.11 billion, a P/E ratio of -1,989.58, a P/E/G ratio of 15.52 and a beta of 1.58. The business’s 50 day moving average is $473.53 and its two-hundred day moving average is $537.29. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13.

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 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 for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.94 earnings per share. On average, research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,387 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 $1,193,500.00. Following the sale, the chief executive officer directly owned 56,277 shares in the company, valued at approximately $28,138,500. The trade was a 4.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the chief financial officer owned 38,794 shares in the company, valued at approximately $19,397,000. The trade was a 1.56% decrease in their ownership of the stock. 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. 4.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $775.00 price objective on shares of HubSpot in a research note on Friday, October 3rd. KeyCorp reduced their price objective on HubSpot from $860.00 to $775.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. reduced their price objective on HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Stifel Nicolaus reduced their price objective on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Monday, July 14th. Finally, Wall Street Zen lowered HubSpot from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $723.11.

HubSpot 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.