HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Tairen Capital Ltd

Tairen Capital Ltd increased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 388.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,777 shares of the software maker’s stock after buying an additional 7,777 shares during the quarter. HubSpot comprises 0.2% of Tairen Capital Ltd’s investment portfolio, making the stock its 15th biggest holding. Tairen Capital Ltd’s holdings in HubSpot were worth $5,766,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of HubSpot by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after purchasing an additional 119,999 shares during the period. Hsbc Holdings PLC raised its position in HubSpot by 10.1% during the 4th quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after buying an additional 2,057 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of HubSpot by 15.1% in the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after acquiring an additional 4,371 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of HubSpot by 74.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after acquiring an additional 1,560 shares in the last quarter. Finally, M&G Plc acquired a new position in shares of HubSpot during the first quarter worth about $8,533,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Down 0.6 %

Shares of NYSE:HUBS opened at $526.88 on Monday. The stock has a market capitalization of $26.85 billion, a PE ratio of -198.82, a P/E/G ratio of 3,140.82 and a beta of 1.63. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The firm has a fifty day moving average price of $489.80 and a 200 day moving average price of $565.89.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $619.28 million. During the same quarter in the prior year, the company posted ($1.17) EPS. The firm’s revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts forecast that HubSpot, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on HUBS. BMO Capital Markets reissued an “outperform” rating and issued a $570.00 price target on shares of HubSpot in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $730.00 target price on shares of HubSpot in a report on Thursday. Evercore ISI lowered 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 note on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and issued a $625.00 price target on shares of HubSpot in a report on Thursday. Finally, Wells Fargo & Company decreased their price objective on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

Insider Buying and Selling at HubSpot

In other news, CFO Kathryn Bueker sold 1,135 shares of the business’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 $672,828.00. Following the completion of the sale, the chief financial officer now directly owns 44,715 shares in the company, valued at $26,507,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now directly owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,135 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $672,828.00. Following the transaction, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock worth $21,300,253 over the last 90 days. 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.