Edgestream Partners L.P. Sells 981 Shares of HubSpot, Inc. (NYSE:HUBS)

Edgestream Partners L.P. lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 21.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,685 shares of the software maker’s stock after selling 981 shares during the period. Edgestream Partners L.P.’s holdings in HubSpot were worth $2,173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in HUBS. Vanguard Group Inc. boosted its stake in HubSpot by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after buying an additional 39,098 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after acquiring an additional 176,336 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after purchasing an additional 626,977 shares in the last quarter. Jennison Associates LLC raised its stake in HubSpot by 62.1% during the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after purchasing an additional 604,554 shares in the last quarter. Finally, Twin Focus Capital Partners LLC lifted its position in HubSpot by 92,828.2% during the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after purchasing an additional 487,348 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Barclays decreased their price objective on HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Citigroup cut their target price on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and issued a $700.00 price target on shares of HubSpot in a research report on Thursday, August 8th. Finally, BMO Capital Markets cut their price objective on shares of HubSpot from $635.00 to $570.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $610.79.

HubSpot Stock Performance

NYSE:HUBS opened at $503.84 on Thursday. The firm has a 50-day simple moving average of $487.98 and a 200-day simple moving average of $567.44. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The firm has a market cap of $25.68 billion, a P/E ratio of -190.13, a P/E/G ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. During the same quarter in the prior year, the business earned ($1.17) earnings per share. HubSpot’s revenue was up 20.4% on a year-over-year basis. On average, research analysts predict that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, CFO Kathryn Bueker sold 1,135 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the sale, the chief financial officer now directly owns 44,715 shares in the company, valued at approximately $26,507,052. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kathryn Bueker sold 1,135 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $672,828.00. Following the completion of the sale, the chief financial officer now owns 44,715 shares in the company, valued at approximately $26,507,052. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now owns 68,037 shares in the company, valued at $40,332,333.60. The disclosure for this sale can be found here. Insiders have sold 38,012 shares of company stock worth $21,300,253 over the last quarter. Insiders own 4.50% of the company’s stock.

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.