Meiji Yasuda Asset Management Co Ltd. Acquires 82 Shares of HubSpot, Inc. (NYSE:HUBS)

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 12.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 752 shares of the software maker’s stock after purchasing an additional 82 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in HubSpot were worth $444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HUBS. Riverview Trust Co acquired a new stake in HubSpot in the first quarter worth $27,000. Geneos Wealth Management Inc. increased its position in HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares in the last quarter. International Assets Investment Management LLC acquired a new position in HubSpot during the 2nd quarter worth approximately $35,000. Crewe Advisors LLC boosted its holdings in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC grew its stake in HubSpot by 54.0% in the first quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock valued at $48,000 after acquiring an additional 27 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HUBS shares. Bank of America cut their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price for the company in a research report on Thursday, August 8th. Stifel Nicolaus dropped 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. Oppenheimer reissued an “outperform” rating and set a $625.00 price objective on shares of HubSpot in a report on Thursday. Finally, Piper Sandler reissued an “overweight” rating and issued a $570.00 price objective on shares of HubSpot in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

HubSpot Stock Down 0.6 %

NYSE HUBS opened at $526.88 on Friday. The firm has a market cap of $26.85 billion, a P/E ratio of -198.82, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63. The company’s 50 day moving average is $489.80 and its 200-day moving average is $566.48. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.17) EPS. Equities analysts expect that HubSpot, Inc. will post 0.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, CFO Kathryn Bueker sold 1,135 shares of the 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 of the company’s stock, valued at $26,507,052. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value 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 disclosure for this sale can be found here. Insiders sold 38,012 shares of company stock valued at $21,300,253 in the last quarter. 4.50% of the stock is currently owned by corporate 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.