Sunbelt Securities Inc. Acquires 173 Shares of HubSpot, Inc. (NYSE:HUBS)

Sunbelt Securities Inc. boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 73.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 408 shares of the software maker’s stock after buying an additional 173 shares during the quarter. Sunbelt Securities Inc.’s holdings in HubSpot were worth $256,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of HubSpot by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after acquiring an additional 119,999 shares during the last quarter. Hsbc Holdings PLC grew its holdings in 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 during the last quarter. Stifel Financial Corp raised its position in shares of HubSpot by 15.1% in the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock valued at $19,302,000 after purchasing an additional 4,371 shares during the period. Strs Ohio lifted its stake in shares of HubSpot by 1,203.0% in the fourth quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock worth $11,611,000 after buying an additional 18,466 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of HubSpot by 19.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock worth $13,089,000 after buying an additional 3,671 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Dawson Alyssa Harvey sold 192 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total transaction of $124,800.00. Following the sale, the insider now directly owns 10,860 shares in the company, valued at approximately $7,059,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Yamini Rangan sold 2,874 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the transaction, the chief executive officer now directly owns 74,784 shares in the company, valued at $46,898,542.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 192 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total value of $124,800.00. Following the transaction, the insider now directly owns 10,860 shares in the company, valued at approximately $7,059,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,353 shares of company stock worth $12,845,623. Insiders own 4.50% of the company’s stock.

HubSpot Price Performance

HubSpot stock opened at $585.86 on Friday. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $603.47 and a two-hundred day moving average price of $602.10.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. On average, equities research analysts anticipate that HubSpot, Inc. will post -0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Canaccord Genuity Group dropped their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. TD Cowen dropped their price objective on HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Barclays decreased their target price on HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research report on Thursday, May 9th. Finally, Mizuho reduced their price objective on HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $641.00.

HubSpot 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.