Intech Investment Management LLC Sells 398 Shares of HubSpot, Inc. (NYSE:HUBS)

Intech Investment Management LLC reduced its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 14.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,426 shares of the software maker’s stock after selling 398 shares during the period. Intech Investment Management LLC’s holdings in HubSpot were worth $1,431,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after purchasing an additional 39,098 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after buying an additional 176,336 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after buying an additional 626,977 shares during the period. Jennison Associates LLC increased its holdings in shares of HubSpot by 62.1% in the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after buying an additional 604,554 shares during the period. Finally, Twin Focus Capital Partners LLC lifted its stake in shares of HubSpot by 92,828.2% in the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after acquiring an additional 487,348 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction of $672,828.00. Following the sale, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kathryn Bueker sold 1,135 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value 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 approximately $33,009,441.57. The disclosure for this sale can be found here. Insiders sold 38,012 shares of company stock worth $21,300,253 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of analyst reports. Raymond James decreased their price target on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company decreased their target price on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Truist Financial reissued a “buy” rating and set a $600.00 price target (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and issued a $700.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Finally, Bank of America dropped their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $610.79.

HubSpot Price Performance

NYSE:HUBS opened at $532.11 on Wednesday. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The company’s 50-day simple moving average is $491.77 and its 200 day simple moving average is $564.77. The firm has a market capitalization of $27.12 billion, a P/E ratio of -200.80, a PEG ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results 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. The company had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.17) EPS. On average, equities research analysts expect that HubSpot, Inc. will post 0.01 earnings per share for the current fiscal year.

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.