Allianz Asset Management GmbH Boosts Stock Holdings in HubSpot Inc (NYSE:HUBS)

HubSpot logo Allianz Asset Management GmbH increased its position in HubSpot Inc (NYSE:HUBS) by 79.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 129,889 shares of the software maker’s stock after purchasing an additional 57,349 shares during the period. Allianz Asset Management GmbH owned about 0.31% of HubSpot worth $22,149,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HUBS. Duncker Streett & Co. Inc. bought a new position in shares of HubSpot during the 2nd quarter valued at $34,000. FTB Advisors Inc. raised its holdings in HubSpot by 58.8% in the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock worth $59,000 after acquiring an additional 130 shares during the period. Contravisory Investment Management Inc. bought a new position in HubSpot in the 2nd quarter worth $115,000. Comerica Bank bought a new position in HubSpot in the 1st quarter worth $203,000. Finally, AE Wealth Management LLC bought a new position in HubSpot in the 2nd quarter worth $212,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

HUBS opened at $164.11 on Monday. The company has a market cap of $7.24 billion, a price-to-earnings ratio of -160.89 and a beta of 1.67. The firm has a 50 day simple moving average of $188.14 and a 200 day simple moving average of $177.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. HubSpot Inc has a fifty-two week low of $108.39 and a fifty-two week high of $207.98.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.07. The firm had revenue of $163.30 million during the quarter, compared to analysts’ expectations of $157.26 million. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. As a group, analysts expect that HubSpot Inc will post -0.74 EPS for the current year.

In other news, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $177.65, for a total value of $1,510,025.00. Following the completion of the transaction, the chief executive officer now owns 753,902 shares in the company, valued at $133,930,690.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dharmesh Shah sold 29,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $182.30, for a total transaction of $5,286,700.00. Following the transaction, the insider now owns 1,498,433 shares of the company’s stock, valued at approximately $273,164,335.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,147 shares of company stock valued at $25,137,197. Corporate insiders own 8.30% of the company’s stock.

Several research analysts recently commented on the stock. Goldman Sachs Group assumed coverage on shares of HubSpot in a report on Friday, June 7th. They issued a “buy” rating and a $223.00 target price on the stock. KeyCorp restated a “hold” rating on shares of HubSpot in a research report on Wednesday, September 4th. Jefferies Financial Group raised their price target on shares of HubSpot from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Morgan Stanley raised their price target on shares of HubSpot from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Finally, Cowen set a $170.00 target price on shares of HubSpot and gave the company a “hold” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $196.60.

HubSpot Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.