Hazlett Burt & Watson Inc. Acquires 25 Shares of HubSpot, Inc. (NYSE:HUBS)

Hazlett Burt & Watson Inc. increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 19.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153 shares of the software maker’s stock after acquiring an additional 25 shares during the period. Hazlett Burt & Watson Inc.’s holdings in HubSpot were worth $91,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of HubSpot by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after buying an additional 119,999 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of HubSpot by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock valued at $13,022,000 after purchasing an additional 2,057 shares in the last quarter. Stifel Financial Corp boosted its position in shares of HubSpot by 15.1% during the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock valued at $19,302,000 after buying an additional 4,371 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in HubSpot by 74.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock worth $2,117,000 after buying an additional 1,560 shares in the last quarter. Finally, M&G Plc purchased a new position in HubSpot in the 1st quarter worth about $8,533,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on HUBS shares. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research note on Thursday, August 8th. Bank of America decreased their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus dropped their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Needham & Company LLC reissued a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research report on Thursday, August 8th. Finally, Citigroup reduced their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Kathryn Bueker sold 1,135 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the transaction, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,012 shares of company stock valued at $21,300,253. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Price Performance

Shares of NYSE HUBS opened at $497.82 on Thursday. The business’s 50 day moving average is $494.82 and its two-hundred day moving average is $571.73. The stock has a market capitalization of $25.37 billion, a P/E ratio of -187.86, a PEG ratio of 3,132.37 and a beta of 1.63. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. During the same quarter last year, the business posted ($1.17) EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities research analysts anticipate that HubSpot, Inc. will post 0.01 earnings per share 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.