HubSpot, Inc. (NYSE:HUBS) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 101.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,708 shares of the software maker’s stock after purchasing an additional 861 shares during the quarter. MGO One Seven LLC’s holdings in HubSpot were worth $1,007,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBS. Riverview Trust Co bought a new position in shares of HubSpot in the 1st quarter worth about $27,000. Geneos Wealth Management Inc. raised its stake in HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after acquiring an additional 45 shares during the period. International Assets Investment Management LLC bought a new position in HubSpot in the second quarter worth about $35,000. Crewe Advisors LLC boosted its stake in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after acquiring an additional 63 shares during the period. Finally, SYSTM Wealth Solutions LLC boosted its stake in HubSpot by 54.0% in the first quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock valued at $48,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the completion of the transaction, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction dated 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 transaction, the chief executive officer now directly owns 68,037 shares in the company, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,012 shares of company stock worth $21,300,253. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HUBS. Canaccord Genuity Group cut their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Bank of America cut their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Oppenheimer reduced their price target on shares of HubSpot from $725.00 to $625.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Wells Fargo & Company dropped their price objective on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, UBS Group reduced their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $610.79.

HubSpot Stock Down 0.3 %

Shares of HUBS stock opened at $491.22 on Friday. The stock has a 50-day simple moving average of $490.90 and a 200 day simple moving average of $570.38. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The stock has a market capitalization of $25.22 billion, a P/E ratio of -185.37, a P/E/G ratio of 3,140.82 and a beta of 1.63.

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

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.