J.W. Cole Advisors Inc. Acquires Shares of 406 HubSpot, Inc. (NYSE:HUBS)

J.W. Cole Advisors Inc. acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 406 shares of the software maker’s stock, valued at approximately $239,000.

A number of other large investors have also recently added to or reduced their stakes in HUBS. Gilbert & Cook Inc. boosted its stake in HubSpot by 60.0% during the 4th quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker’s stock valued at $1,141,000 after acquiring an additional 737 shares during the last quarter. Principal Securities Inc. bought a new position in HubSpot during the 4th quarter valued at $50,000. QRG Capital Management Inc. bought a new position in shares of HubSpot in the 4th quarter worth about $224,000. Dimensional Fund Advisors LP lifted its position in shares of HubSpot by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the software maker’s stock worth $41,470,000 after buying an additional 631 shares during the last quarter. Finally, Avantax Advisory Services Inc. bought a new position in shares of HubSpot in the 4th quarter worth about $200,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. 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. Stifel Nicolaus reduced their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Evercore ISI reduced their price target on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a research report on Thursday, August 8th. UBS Group reduced their price target on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $610.79.

HubSpot Price Performance

Shares of HUBS opened at $503.84 on Thursday. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The company has a 50-day moving average of $487.98 and a two-hundred day moving average of $567.44. The stock has a market cap of $25.68 billion, a price-to-earnings ratio of -190.13, a PEG ratio of 3,140.82 and a beta of 1.63.

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

Insiders Place Their Bets

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the transaction, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The disclosure for this sale can be found here. Insiders sold a total of 38,012 shares of company stock worth $21,300,253 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

HubSpot Company 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.