Ethic Inc. Increases Holdings in HubSpot, Inc. $HUBS

Ethic Inc. increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 4.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,534 shares of the software maker’s stock after purchasing an additional 207 shares during the quarter. Ethic Inc.’s holdings in HubSpot were worth $2,496,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HUBS. Venturi Wealth Management LLC increased its position in shares of HubSpot by 1.1% in the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock valued at $861,000 after acquiring an additional 16 shares during the period. WCM Investment Management LLC increased its position in shares of HubSpot by 0.6% in the 1st quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker’s stock valued at $1,553,000 after acquiring an additional 17 shares during the period. Ballentine Partners LLC increased its position in shares of HubSpot by 3.5% in the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock valued at $334,000 after acquiring an additional 20 shares during the period. Apollon Wealth Management LLC increased its position in shares of HubSpot by 5.2% in the 1st quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker’s stock valued at $231,000 after acquiring an additional 20 shares during the period. Finally, QRG Capital Management Inc. increased its position in shares of HubSpot by 5.9% in 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 during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Canaccord Genuity Group cut their target price on HubSpot from $765.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. BMO Capital Markets lowered their price target on shares of HubSpot from $600.00 to $550.00 and set an “outperform” rating on the stock in a report on Friday. Stifel Nicolaus lowered their price target on shares of HubSpot from $650.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays lowered their price target on shares of HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Finally, Sanford C. Bernstein raised shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target on the stock in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $717.75.

Insider Activity

In other news, CEO Yamini Rangan sold 2,387 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the sale, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at $28,138,500. This represents a 4.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Dharmesh Shah sold 4,747 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the sale, the chief technology officer directly owned 1,271,058 shares in the company, valued at approximately $637,562,692.80. The trade was a 0.37% decrease in their ownership of the stock. 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. Insiders own 4.00% of the company’s stock.

HubSpot Stock Down 1.3%

HUBS stock opened at $469.72 on Friday. The company’s 50-day simple moving average is $475.71 and its 200-day simple moving average is $532.94. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13. The firm has a market cap of $24.75 billion, a P/E ratio of -2,042.26, a PEG ratio of 16.41 and a beta of 1.58.

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