HubSpot, Inc. $HUBS Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 925,938 shares of the software maker’s stock after acquiring an additional 38,096 shares during the period. Geode Capital Management LLC owned about 1.76% of HubSpot worth $513,886,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. denkapparat Operations GmbH grew its position in HubSpot by 10.0% during the 2nd quarter. denkapparat Operations GmbH now owns 662 shares of the software maker’s stock worth $368,000 after purchasing an additional 60 shares during the period. Wealth Alliance LLC grew its holdings in HubSpot by 10.7% during the second quarter. Wealth Alliance LLC now owns 445 shares of the software maker’s stock worth $248,000 after acquiring an additional 43 shares during the period. Forsta AP Fonden raised its position in HubSpot by 101.5% during the second quarter. Forsta AP Fonden now owns 26,600 shares of the software maker’s stock valued at $14,806,000 after acquiring an additional 13,400 shares in the last quarter. TimesSquare Capital Management LLC raised its position in HubSpot by 9.9% during the second quarter. TimesSquare Capital Management LLC now owns 239,598 shares of the software maker’s stock valued at $133,367,000 after acquiring an additional 21,538 shares in the last quarter. Finally, KBC Group NV boosted its position in HubSpot by 299.7% in the 2nd quarter. KBC Group NV now owns 80,579 shares of the software maker’s stock worth $44,853,000 after purchasing an additional 60,421 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $19,397,000. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,387 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly owned 56,277 shares in the company, valued at $28,138,500. This trade represents a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,098 shares of company stock valued at $24,757,257 over the last ninety days. 4.00% of the stock is currently owned by company insiders.

HubSpot Stock Up 1.3%

HubSpot stock opened at $395.59 on Friday. The company has a fifty day simple moving average of $466.73 and a 200-day simple moving average of $521.19. The firm has a market capitalization of $20.72 billion, a price-to-earnings ratio of -4,944.85, a PEG ratio of 13.25 and a beta of 1.60. HubSpot, Inc. has a 52-week low of $375.01 and a 52-week high of $881.13.

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

Analyst Ratings Changes

Several research firms have recently weighed in on HUBS. Barclays cut their target price on shares of HubSpot from $675.00 to $575.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Mizuho cut their price objective on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Wells Fargo & Company lowered their target price on shares of HubSpot from $685.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group dropped their target price on HubSpot from $717.00 to $612.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Rothschild Redb cut HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $620.41.

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.