R Squared Ltd Makes New Investment in HubSpot, Inc. $HUBS

R Squared Ltd purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,851 shares of the software maker’s stock, valued at approximately $1,030,000.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its stake in HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Hilltop National Bank acquired a new position in shares of HubSpot in the 2nd quarter valued at about $32,000. Cullen Frost Bankers Inc. grew its position in shares of HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock valued at $34,000 after buying an additional 34 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of HubSpot during the 1st quarter valued at about $35,000. Finally, GW&K Investment Management LLC raised its stake in HubSpot by 203.8% during the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker’s stock worth $45,000 after acquiring an additional 53 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 2,387 shares of HubSpot stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the transaction, the chief executive officer directly owned 56,277 shares in the company, valued at approximately $28,138,500. This trade represents a 4.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the transaction, the director directly owned 522,435 shares of the company’s stock, valued at $235,012,160.40. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,863 shares of company stock valued at $24,641,332. Company insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Citigroup decreased their target price on HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Raymond James Financial reduced their price objective on HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Tuesday, October 14th. Piper Sandler began coverage on shares of HubSpot in a research report on Thursday, September 4th. They set an “overweight” rating and a $675.00 price target for the company. Finally, Barclays cut their price objective on shares of HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. One investment 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $719.54.

HubSpot Stock Up 1.3%

Shares of HUBS opened at $475.63 on Friday. The firm has a market capitalization of $25.06 billion, a PE ratio of -2,067.97, a P/E/G ratio of 16.19 and a beta of 1.58. The firm has a 50-day moving average price of $475.11 and a 200 day moving average price of $533.05. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 EPS. On average, equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current 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.