HubSpot, Inc. (NYSE:HUBS) Stock Position Lowered by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,640 shares of the software maker’s stock after selling 75 shares during the period. HubSpot makes up 1.3% of Gunderson Capital Management Inc.’s portfolio, making the stock its 24th biggest holding. Gunderson Capital Management Inc.’s holdings in HubSpot were worth $1,937,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HUBS. Durable Capital Partners LP acquired a new stake in HubSpot during the 1st quarter worth about $283,913,000. Norges Bank acquired a new stake in shares of HubSpot in the fourth quarter worth $141,314,000. Abdiel Capital Advisors LP raised its position 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 valued at $335,644,000 after buying an additional 346,272 shares during the period. Clearbridge Investments LLC raised its position in HubSpot by 33.6% during the first quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock valued at $535,934,000 after buying an additional 284,039 shares during the period. Finally, Millennium Management LLC grew its stake in HubSpot by 639.9% during the 4th quarter. Millennium Management LLC now owns 293,020 shares of the software maker’s stock valued at $84,721,000 after acquiring an additional 253,416 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of HubSpot from $603.00 to $604.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Mizuho boosted their price target on shares of HubSpot from $550.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, September 7th. UBS Group increased their price objective on HubSpot from $550.00 to $600.00 in a report on Thursday, September 7th. Royal Bank of Canada restated an “outperform” rating and issued a $625.00 target price on shares of HubSpot in a research note on Thursday, September 7th. Finally, Bank of America raised their price target on HubSpot from $635.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $539.76.

Insider Buying and Selling

In other news, CFO Kathryn Bueker sold 300 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $550.00, for a total value of $165,000.00. Following the transaction, the chief financial officer now owns 38,024 shares of the company’s stock, valued at approximately $20,913,200. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Kathryn Bueker sold 300 shares of HubSpot stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $550.00, for a total transaction of $165,000.00. Following the transaction, the chief financial officer now directly owns 38,024 shares of the company’s stock, valued at $20,913,200. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dawson Alyssa Harvey sold 766 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $569.43, for a total value of $436,183.38. Following the sale, the insider now directly owns 10,062 shares in the company, valued at approximately $5,729,604.66. The disclosure for this sale can be found here. Insiders sold a total of 51,402 shares of company stock worth $26,632,333 over the last three months. 4.90% of the stock is currently owned by company insiders.

HubSpot Price Performance

HubSpot stock traded down $1.78 during mid-day trading on Friday, hitting $511.74. 707,011 shares of the company were exchanged, compared to its average volume of 604,946. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $25.59 billion, a PE ratio of -123.60 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 business has a fifty day moving average of $529.57 and a 200 day moving average of $479.01.

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

HubSpot Company Profile

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.