34,300 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by Ardevora Asset Management LLP

Ardevora Asset Management LLP bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 34,300 shares of the software maker’s stock, valued at approximately $18,251,000. Ardevora Asset Management LLP owned about 0.07% of HubSpot at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of HubSpot by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,130,734 shares of the software maker’s stock worth $1,961,849,000 after purchasing an additional 46,384 shares during the period. Clearbridge Investments LLC lifted its position in HubSpot by 6.1% in the first quarter. Clearbridge Investments LLC now owns 1,454,927 shares of the software maker’s stock valued at $623,800,000 after buying an additional 83,660 shares during the last quarter. Abdiel Capital Advisors LP boosted its stake in HubSpot by 42.5% during the fourth quarter. Abdiel Capital Advisors LP now owns 1,160,876 shares of the software maker’s stock worth $335,644,000 after buying an additional 346,272 shares during the period. Durable Capital Partners LP increased its position in shares of HubSpot by 7.5% during the fourth quarter. Durable Capital Partners LP now owns 986,355 shares of the software maker’s stock valued at $285,185,000 after acquiring an additional 68,833 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of HubSpot by 3.3% in the 1st quarter. Geode Capital Management LLC now owns 644,388 shares of the software maker’s stock valued at $275,883,000 after acquiring an additional 20,332 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CTO Dharmesh Shah sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $505.71, for a total value of $10,114,200.00. Following the completion of the transaction, the chief technology officer now owns 1,411,014 shares in the company, valued at approximately $713,563,889.94. The sale was disclosed in a document filed with the SEC, which is available at this link. In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $513.78, for a total transaction of $4,367,130.00. Following the transaction, the insider now owns 596,350 shares of the company’s stock, valued at $306,392,703. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Dharmesh Shah sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $505.71, for a total value of $10,114,200.00. Following the completion of the sale, the chief technology officer now owns 1,411,014 shares of the company’s stock, valued at approximately $713,563,889.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,402 shares of company stock valued at $26,632,333. 4.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on HUBS. JPMorgan Chase & Co. increased their price objective on shares of HubSpot from $485.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, September 7th. Needham & Company LLC lifted their price objective on HubSpot from $570.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Truist Financial boosted their price objective on HubSpot from $500.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. William Blair restated an “outperform” rating on shares of HubSpot in a report on Thursday, September 7th. Finally, Bank of America boosted their price target on shares of HubSpot from $635.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $539.76.

HubSpot Stock Down 1.2 %

HubSpot stock opened at $513.42 on Friday. The stock’s fifty day moving average is $529.57 and its two-hundred day moving average is $479.01. The stock has a market cap of $25.68 billion, a PE ratio of -124.01 and a beta of 1.58. HubSpot, Inc. has a 1-year low of $245.03 and a 1-year high of $581.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.25 and a quick ratio of 2.25.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 2nd. The software maker reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($0.90) by ($0.27). The business had revenue of $529.14 million for the quarter, compared to analyst estimates of $504.45 million. HubSpot had a negative return on equity of 11.28% and a negative net margin of 10.51%. On average, sell-side analysts expect that HubSpot, Inc. will post -1.42 EPS for the current fiscal year.

About HubSpot

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.