Resonant Capital Advisors LLC Buys 78 Shares of HubSpot, Inc. $HUBS

Resonant Capital Advisors LLC increased its position in HubSpot, Inc. (NYSE:HUBS) by 22.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 433 shares of the software maker’s stock after buying an additional 78 shares during the quarter. Resonant Capital Advisors LLC’s holdings in HubSpot were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. grew its holdings in 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 purchased a new stake in shares of HubSpot during the second quarter worth about $32,000. Cullen Frost Bankers Inc. grew its stake in shares of 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 purchasing an additional 34 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in HubSpot during the 1st quarter valued at about $35,000. Finally, GW&K Investment Management LLC increased its holdings in HubSpot by 203.8% during the 1st quarter. GW&K Investment Management LLC now owns 79 shares of the software maker’s stock valued at $45,000 after purchasing an additional 53 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,387 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $1,193,500.00. Following the transaction, the chief executive officer owned 56,277 shares in the company, valued at approximately $28,138,500. This represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 615 shares of the stock in a transaction on 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 owned 38,794 shares in the company, valued at approximately $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,863 shares of company stock valued at $24,641,332. 4.00% of the stock is owned by insiders.

HubSpot Price Performance

Shares of NYSE HUBS opened at $471.85 on Tuesday. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13. The firm has a 50-day moving average of $476.18 and a 200 day moving average of $532.62. The stock has a market cap of $24.86 billion, a P/E ratio of -2,051.53, a price-to-earnings-growth ratio of 16.11 and a beta of 1.58.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same quarter last year, the firm earned $1.94 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. Research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered HubSpot from a “buy” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $775.00 price target on shares of HubSpot in a research note on Friday, October 3rd. Macquarie reduced their price objective on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. JPMorgan Chase & Co. decreased their price objective on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Finally, Stifel Nicolaus dropped their target price on shares of HubSpot from $650.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $717.75.

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.