Acadian Asset Management LLC Acquires 1,213 Shares of HubSpot, Inc. (NYSE:HUBS)

Acadian Asset Management LLC lifted its holdings in HubSpot, Inc. (NYSE:HUBS) by 138.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,091 shares of the software maker’s stock after purchasing an additional 1,213 shares during the period. Acadian Asset Management LLC’s holdings in HubSpot were worth $1,232,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Riverview Trust Co bought a new position in shares of HubSpot in the first quarter worth about $27,000. Geneos Wealth Management Inc. increased its stake in shares of HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares during the period. International Assets Investment Management LLC bought a new position in shares of HubSpot in the second quarter worth about $35,000. Crewe Advisors LLC increased its stake in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after acquiring an additional 63 shares during the period. Finally, SYSTM Wealth Solutions LLC increased its stake in HubSpot by 54.0% during 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.

HubSpot Price Performance

HUBS stock opened at $491.17 on Monday. The company has a 50 day moving average price of $490.90 and a 200 day moving average price of $569.76. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The stock has a market capitalization of $25.22 billion, a PE ratio of -185.35, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share 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 firm had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter in the previous year, the company posted ($1.17) EPS. HubSpot’s revenue was up 20.4% on a year-over-year basis. As a group, equities analysts expect that HubSpot, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 1,135 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $672,828.00. Following the sale, the chief financial officer now owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,012 shares of company stock worth $21,300,253. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HUBS. Piper Sandler restated an “overweight” rating and set a $570.00 price target on shares of HubSpot in a research note on Thursday, August 8th. Oppenheimer lowered their price target on HubSpot from $725.00 to $625.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Stifel Nicolaus lowered their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. UBS Group lowered their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, KeyCorp upgraded 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. Five investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.