Vanguard Group Inc. Has $3.03 Billion Stake in HubSpot, Inc. (NYSE:HUBS)

Vanguard Group Inc. lifted its holdings in HubSpot, Inc. (NYSE:HUBS) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,829,488 shares of the software maker’s stock after acquiring an additional 39,098 shares during the quarter. Vanguard Group Inc. owned approximately 9.49% of HubSpot worth $3,025,964,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Riverview Trust Co acquired a new position in HubSpot in the first quarter worth $27,000. Rakuten Securities Inc. bought a new position in shares of HubSpot in the fourth quarter valued at about $29,000. Geneos Wealth Management Inc. lifted its position in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after acquiring an additional 47 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after acquiring an additional 69 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Down 0.3 %

Shares of HubSpot stock traded down $1.59 on Friday, hitting $479.82. The company had a trading volume of 728,195 shares, compared to its average volume of 1,025,395. The stock has a 50-day moving average of $575.45 and a 200-day moving average of $598.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The firm has a market capitalization of $24.45 billion, a P/E ratio of -181.06 and a beta of 1.60.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The firm had revenue of $617.41 million during the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. Research analysts predict that HubSpot, Inc. will post -0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research reports. Piper Sandler reduced their target price on shares of HubSpot from $655.00 to $570.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company reduced their price objective on HubSpot from $750.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Citigroup lowered their target price on HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a research note on Friday, May 10th. KeyCorp cut their price target on HubSpot from $520.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. Finally, TD Cowen decreased their price target on HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $633.69.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 3,937 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the transaction, the chief financial officer now owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the sale, the chief financial officer now directly owns 45,737 shares in the company, valued at approximately $28,197,317.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,491 shares of company stock valued at $26,699,609. 4.50% of the stock is owned by insiders.

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.