HubSpot, Inc. (NYSE:HUBS) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,283 shares of the software maker’s stock after acquiring an additional 990 shares during the quarter. Royal London Asset Management Ltd.’s holdings in HubSpot were worth $11,373,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HUBS. GAMMA Investing LLC boosted its stake in HubSpot by 14.3% during the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares in the last quarter. First Affirmative Financial Network raised its position in HubSpot by 3.8% in the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock worth $309,000 after acquiring an additional 18 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in HubSpot by 17.9% in the 1st quarter. Lindbrook Capital LLC now owns 138 shares of the software maker’s stock valued at $86,000 after acquiring an additional 21 shares during the last quarter. Eagle Wealth Strategies LLC boosted its position in shares of HubSpot by 5.8% during the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock valued at $246,000 after purchasing an additional 21 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC grew its stake in shares of HubSpot by 54.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock worth $48,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the subject of several recent research reports. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price for the company in a research note on Thursday, August 8th. Bank of America reduced their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and issued a $700.00 target price on shares of HubSpot in a report on Thursday, August 8th. Barclays reduced their target price on HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Citigroup dropped their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

Insider Transactions at HubSpot

In related news, CFO Kathryn Bueker sold 1,135 shares of HubSpot stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the sale, the chief financial officer now owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Kathryn Bueker sold 1,135 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $672,828.00. Following the transaction, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock worth $21,300,253 in the last 90 days. 4.50% of the stock is owned by insiders.

HubSpot Trading Down 1.0 %

HUBS opened at $492.60 on Friday. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The stock has a fifty day moving average price of $492.82 and a 200 day moving average price of $571.18. The stock has a market cap of $25.10 billion, a price-to-earnings ratio of -185.89, a PEG ratio of 3,132.37 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. The business had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.17) EPS. As a group, sell-side analysts forecast that HubSpot, Inc. will post 0.01 earnings per share for the current fiscal year.

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.