Comerica Bank Increases Stock Position in HubSpot, Inc. (NYSE:HUBS)

Comerica Bank increased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 4.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,806 shares of the software maker’s stock after buying an additional 608 shares during the period. Comerica Bank’s holdings in HubSpot were worth $9,903,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HUBS. Wellington Management Group LLP lifted its holdings in HubSpot by 50.3% during the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after purchasing an additional 626,977 shares in the last quarter. Jennison Associates LLC boosted its stake in HubSpot by 62.1% during 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. Norges Bank purchased a new position in HubSpot during the fourth quarter worth about $311,236,000. Twin Focus Capital Partners LLC boosted its stake in HubSpot by 92,828.2% during the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock worth $283,230,000 after buying an additional 487,348 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 87.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock worth $262,022,000 after buying an additional 210,138 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUBS has been the subject of several recent research reports. BMO Capital Markets lowered their price objective on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Mizuho cut their price objective on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. KeyCorp cut their target price on shares of HubSpot from $520.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, July 12th. UBS Group dropped their price objective on shares of HubSpot from $640.00 to $580.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Finally, TD Cowen decreased their target price on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $630.04.

HubSpot Stock Performance

NYSE HUBS traded down $14.11 during trading hours on Thursday, hitting $482.92. The company had a trading volume of 351,630 shares, compared to its average volume of 637,803. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $556.42 and a 200-day simple moving average of $595.45. The firm has a market cap of $24.61 billion, a P/E ratio of -187.56 and a beta of 1.60.

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

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $616.51, for a total value of $2,427,199.87. Following the transaction, the chief financial officer now directly owns 45,737 shares in the company, valued at $28,197,317.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on 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 sale, the insider now directly owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction that occurred 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 $28,197,317.87. The disclosure for this sale can be found here. Insiders sold 46,491 shares of company stock valued at $26,699,609 over the last 90 days. 4.50% of the stock is currently owned by company 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.