Lombard Odier Asset Management USA Corp Makes New $690,000 Investment in HubSpot, Inc. (NYSE:HUBS)

Lombard Odier Asset Management USA Corp purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,170 shares of the software maker’s stock, valued at approximately $690,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gilbert & Cook Inc. grew its holdings in HubSpot by 60.0% during the 4th quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker’s stock worth $1,141,000 after acquiring an additional 737 shares during the period. Dimensional Fund Advisors LP increased its holdings in HubSpot by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the software maker’s stock valued at $41,470,000 after purchasing an additional 631 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in HubSpot in the fourth quarter valued at about $200,000. PNC Financial Services Group Inc. boosted its holdings in HubSpot by 74.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock worth $2,117,000 after buying an additional 1,560 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in shares of HubSpot during the 4th quarter worth about $250,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group cut their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus dropped their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. BMO Capital Markets reissued an “outperform” rating and issued a $570.00 target price on shares of HubSpot in a research note on Thursday. KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a research report on Thursday, August 8th. Finally, Bank of America decreased their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $610.79.

HubSpot Stock Performance

NYSE HUBS opened at $526.88 on Monday. The firm’s fifty day moving average price is $489.80 and its two-hundred day moving average price is $565.89. The stock has a market cap of $26.85 billion, a PE ratio of -198.82, a PEG ratio of 3,140.82 and a beta of 1.63. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data 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. The business had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. HubSpot’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.17) EPS. As a group, sell-side analysts predict that HubSpot, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the company’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 owns 9,735 shares in the company, valued at approximately $4,548,484.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now owns 67,203 shares of the company’s stock, valued at $33,009,441.57. 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 in the last ninety days. Company insiders own 4.50% of the company’s stock.

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.