HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its holdings in HubSpot, Inc. (NYSE:HUBS) by 595.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 167 shares of the software maker’s stock after purchasing an additional 143 shares during the quarter. Meeder Asset Management Inc.’s holdings in HubSpot were worth $98,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nicholas Investment Partners LP raised its position in HubSpot by 8.2% in the second quarter. Nicholas Investment Partners LP now owns 2,284 shares of the software maker’s stock worth $1,347,000 after acquiring an additional 174 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of HubSpot during the second quarter worth approximately $3,687,000. BOKF NA grew its holdings in shares of HubSpot by 72,600.0% during the 2nd quarter. BOKF NA now owns 2,908 shares of the software maker’s stock valued at $1,715,000 after acquiring an additional 2,904 shares in the last quarter. Achmea Investment Management B.V. grew its stake in HubSpot by 0.8% in the second quarter. Achmea Investment Management B.V. now owns 75,076 shares of the software maker’s stock valued at $44,279,000 after purchasing an additional 592 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings in HubSpot by 19.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after buying an additional 25 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 0.3 %

NYSE:HUBS opened at $491.17 on Friday. The stock has a 50-day moving average price of $490.90 and a two-hundred day moving average price of $570.06. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The stock has a market cap of $25.22 billion, a price-to-earnings ratio of -185.35, a PEG 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, topping the consensus estimate of $1.64 by $0.30. The company 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%. HubSpot’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.17) earnings per share. Sell-side analysts forecast that HubSpot, Inc. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HUBS shares. UBS Group reduced their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Citigroup decreased their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. BMO Capital Markets lowered their price target on HubSpot from $635.00 to $570.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group reduced their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $610.79.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the sale, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the transaction, the insider now directly owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The disclosure for this sale can be found here. Insiders sold a total of 38,012 shares of company stock worth $21,300,253 in the last three months. Insiders own 4.50% of the company’s stock.

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.