Evolutionary Tree Capital Management LLC Reduces Holdings in HubSpot, Inc. (NYSE:HUBS)

Evolutionary Tree Capital Management LLC cut its stake in HubSpot, Inc. (NYSE:HUBS) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,125 shares of the software maker’s stock after selling 1,402 shares during the quarter. HubSpot makes up approximately 4.9% of Evolutionary Tree Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Evolutionary Tree Capital Management LLC’s holdings in HubSpot were worth $4,792,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Seven Eight Capital LP raised its position in shares of HubSpot by 146.8% in the second quarter. Seven Eight Capital LP now owns 6,250 shares of the software maker’s stock valued at $3,686,000 after purchasing an additional 3,718 shares during the period. Blair William & Co. IL raised its position in shares of HubSpot by 39.8% in the second quarter. Blair William & Co. IL now owns 1,995 shares of the software maker’s stock valued at $1,177,000 after purchasing an additional 568 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of HubSpot by 12.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,413 shares of the software maker’s stock valued at $3,193,000 after purchasing an additional 620 shares during the period. Amalgamated Bank raised its position in shares of HubSpot by 3.6% in the second quarter. Amalgamated Bank now owns 3,303 shares of the software maker’s stock valued at $1,948,000 after purchasing an additional 114 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of HubSpot by 12.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 752 shares of the software maker’s stock valued at $444,000 after acquiring an additional 82 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Trading Down 0.6 %

HUBS stock opened at $526.88 on Friday. The stock has a market capitalization 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. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The firm has a 50-day moving average price of $489.80 and a 200-day moving average price of $566.20.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $637.20 million during 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 prior year, the business earned ($1.17) earnings per share. As a group, equities analysts predict that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction that occurred 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 owns 68,037 shares in the company, valued at approximately $40,332,333.60. The sale was disclosed in a document filed with the SEC, which can be accessed 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 value of $179,416.32. Following the completion of the transaction, the insider now owns 9,735 shares in the company, valued at approximately $4,548,484.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the transaction, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $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 in the last quarter. 4.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on HUBS. Royal Bank of Canada restated an “outperform” rating and issued a $700.00 price target on shares of HubSpot in a research note on Thursday. Stifel Nicolaus decreased their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Canaccord Genuity Group decreased their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a research note on Thursday, August 8th. Finally, Barclays decreased their price target on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $610.79.

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.