First Trust Direct Indexing L.P. Buys 152 Shares of HubSpot, Inc. (NYSE:HUBS)

First Trust Direct Indexing L.P. boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 10.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,546 shares of the software maker’s stock after acquiring an additional 152 shares during the period. First Trust Direct Indexing L.P.’s holdings in HubSpot were worth $969,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HUBS. Vanguard Group Inc. increased its holdings in HubSpot by 2.6% in 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 buying an additional 119,999 shares during the period. Hsbc Holdings PLC increased its stake in HubSpot by 10.1% in the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock valued at $13,022,000 after acquiring an additional 2,057 shares during the period. Stifel Financial Corp raised its position in HubSpot by 15.1% in the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after purchasing an additional 4,371 shares in the last quarter. Strs Ohio lifted its stake in HubSpot by 1,203.0% during the fourth quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock worth $11,611,000 after purchasing an additional 18,466 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in HubSpot by 19.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock valued at $13,089,000 after purchasing an additional 3,671 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Up 1.4 %

NYSE:HUBS opened at $592.31 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The stock’s fifty day simple moving average is $597.15 and its 200-day simple moving average is $603.91. The firm has a market capitalization of $30.18 billion, a P/E ratio of -223.51 and a beta of 1.60.

HubSpot (NYSE:HUBS) last issued 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 firm had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. Equities research analysts expect that HubSpot, Inc. will post -0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on HUBS. TD Cowen cut their target price on HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Mizuho reduced their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Stifel Nicolaus lowered 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. Barclays reduced their price target on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Finally, BMO Capital Markets decreased their price objective on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. One equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $641.00.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the transaction, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,491 shares of company stock valued at $13,421,594. Corporate insiders own 4.50% of the company’s stock.

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.