First Trust Direct Indexing L.P. Raises Position in HubSpot, Inc. (NYSE:HUBS)

First Trust Direct Indexing L.P. lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 10.9% in the 1st quarter, HoldingsChannel reports. The firm owned 1,546 shares of the software maker’s stock after acquiring an additional 152 shares during the period. First Trust Direct Indexing L.P.’s holdings in HubSpot were worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HUBS. Vanguard Group Inc. increased its position in HubSpot by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after buying an additional 119,999 shares in the last quarter. Wellington Management Group LLP raised its stake in HubSpot by 50.3% during the 4th 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 during the period. Jennison Associates LLC lifted its holdings in shares of HubSpot by 22.8% in the fourth quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock worth $564,840,000 after buying an additional 180,822 shares in the last quarter. Norges Bank bought a new position in shares of HubSpot during the 4th quarter valued at about $311,236,000. Finally, 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 valued at $283,230,000 after buying an additional 487,348 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares in the company, valued at $40,332,333.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,877 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 $1,705,485.60. Following the sale, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,491 shares of company stock worth $13,421,594. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Trading Up 1.4 %

Shares of NYSE HUBS opened at $592.31 on Friday. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The firm has a market cap of $30.18 billion, a PE ratio of -223.51 and a beta of 1.60. The business has a fifty day simple moving average of $597.15 and a two-hundred day simple moving average of $603.91. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating 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. Analysts expect that HubSpot, Inc. will post -0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HUBS. KeyCorp assumed coverage on HubSpot in a report on Thursday, March 21st. They set an “underweight” rating and a $520.00 price objective on the stock. TD Cowen lowered their price objective on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Scotiabank boosted their target price on shares of HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a report on Friday, April 5th. Mizuho dropped their price target on HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Canaccord Genuity Group decreased their price objective on HubSpot from $750.00 to $700.00 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, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $641.00.

HubSpot Company Profile

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.