Rhumbline Advisers Has $38.02 Million Stock Holdings in HubSpot, Inc. $HUBS

Rhumbline Advisers boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,306 shares of the software maker’s stock after buying an additional 619 shares during the period. Rhumbline Advisers owned approximately 0.13% of HubSpot worth $38,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. QRG Capital Management Inc. grew its stake in HubSpot by 5.9% during the 2nd quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after acquiring an additional 24 shares in the last quarter. First Horizon Advisors Inc. grew its position in HubSpot by 4.7% during the second quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after purchasing an additional 27 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in HubSpot by 0.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,101 shares of the software maker’s stock valued at $5,066,000 after buying an additional 30 shares during the period. Whittier Trust Co. lifted its position 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 buying an additional 30 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of HubSpot by 6.5% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 494 shares of the software maker’s stock valued at $275,000 after buying an additional 30 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the sale, the chief financial officer directly owned 38,794 shares in the company, valued at $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Dharmesh Shah sold 4,747 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the completion of the sale, the chief technology officer directly owned 1,271,058 shares in the company, valued at approximately $637,562,692.80. This represents a 0.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 51,098 shares of company stock valued at $24,062,552 in the last quarter. 4.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HUBS shares. Needham & Company LLC dropped their price target on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Bank of America dropped their target price on HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Stifel Nicolaus cut their price target on HubSpot from $600.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Canaccord Genuity Group lowered their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, Evercore ISI set a $500.00 price objective on HubSpot in a report on Thursday, November 6th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $617.23.

HubSpot Stock Performance

Shares of HUBS stock opened at $372.00 on Wednesday. The stock’s 50 day simple moving average is $447.64 and its 200 day simple moving average is $506.46. HubSpot, Inc. has a twelve month low of $344.41 and a twelve month high of $881.13. The company has a market capitalization of $19.49 billion, a price-to-earnings ratio of -4,650.05, a PEG ratio of 12.09 and a beta of 1.60.

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

About HubSpot

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.