HubSpot, Inc. $HUBS Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in HubSpot, Inc. (NYSE:HUBS) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 985 shares of the software maker’s stock after purchasing an additional 49 shares during the period. Sequoia Financial Advisors LLC’s holdings in HubSpot were worth $548,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock valued at $2,997,407,000 after purchasing an additional 201,994 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock valued at $2,805,070,000 after purchasing an additional 714,980 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock valued at $530,115,000 after purchasing an additional 251,853 shares during the period. Groupama Asset Managment increased its holdings in shares of HubSpot by 0.8% in the first quarter. Groupama Asset Managment now owns 732,578 shares of the software maker’s stock valued at $418,514,000 after purchasing an additional 5,779 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of HubSpot by 16.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 661,946 shares of the software maker’s stock valued at $378,163,000 after purchasing an additional 94,481 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

HUBS opened at $437.15 on Monday. The business’s fifty day moving average is $471.80 and its two-hundred day moving average is $534.36. The company has a market cap of $23.03 billion, a price-to-earnings ratio of -1,900.67, a PEG ratio of 15.07 and a beta of 1.58. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.19 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 quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 earnings per share. On average, analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $506.52, for a total transaction of $4,305,420.00. Following the sale, the director directly owned 522,185 shares in the company, valued at approximately $264,497,146.20. The trade was a 1.60% 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 sale, the chief executive officer owned 56,277 shares in the company, valued at approximately $28,138,500. The trade was a 4.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,598 shares of company stock valued at $20,947,042 in the last three months. 4.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein raised HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 target price on the stock in a report on Wednesday, September 3rd. Citigroup dropped their price objective on HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $775.00 price objective on shares of HubSpot in a report on Friday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $900.00 price objective on shares of HubSpot in a report on Thursday, September 4th. Finally, UBS Group reaffirmed an “outperform” rating on shares of HubSpot in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $723.11.

HubSpot Company 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.