Aperio Group LLC Grows Holdings in HubSpot Inc (NYSE:HUBS)

HubSpot logo Aperio Group LLC increased its position in shares of HubSpot Inc (NYSE:HUBS) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,904 shares of the software maker’s stock after acquiring an additional 741 shares during the period. Aperio Group LLC’s holdings in HubSpot were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in HUBS. Harbour Capital Advisors LLC boosted its holdings in HubSpot by 0.9% during the second quarter. Harbour Capital Advisors LLC now owns 11,927 shares of the software maker’s stock valued at $2,034,000 after purchasing an additional 112 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of HubSpot by 7.6% in the second quarter. Flagship Harbor Advisors LLC now owns 1,763 shares of the software maker’s stock valued at $300,000 after acquiring an additional 125 shares during the last quarter. Duncker Streett & Co. Inc. bought a new position in shares of HubSpot in the second quarter valued at approximately $34,000. Nordea Investment Management AB raised its stake in shares of HubSpot by 0.8% in the first quarter. Nordea Investment Management AB now owns 33,562 shares of the software maker’s stock valued at $5,578,000 after acquiring an additional 270 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of HubSpot in the first quarter valued at approximately $53,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

In other news, Director Lorrie M. Norrington sold 28,333 shares of HubSpot stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $178.10, for a total transaction of $5,046,107.30. Following the completion of the transaction, the director now directly owns 30,679 shares in the company, valued at $5,463,929.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $191.99, for a total transaction of $1,631,915.00. Following the transaction, the chief executive officer now owns 743,404 shares of the company’s stock, valued at $142,726,133.96. The disclosure for this sale can be found here. Insiders sold 141,147 shares of company stock valued at $25,137,197 over the last 90 days. Corporate insiders own 8.30% of the company’s stock.

HUBS stock opened at $199.68 on Tuesday. The company has a fifty day moving average price of $187.65 and a 200-day moving average price of $176.15. The company has a market capitalization of $8.49 billion, a P/E ratio of -195.76 and a beta of 1.66. HubSpot Inc has a 52-week low of $108.39 and a 52-week high of $207.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97.

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

HUBS has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of HubSpot from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Stifel Nicolaus boosted their price target on shares of HubSpot from $185.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Cowen set a $170.00 price target on shares of HubSpot and gave the company a “hold” rating in a report on Wednesday, August 7th. Compass Point began coverage on shares of HubSpot in a report on Tuesday, August 13th. They issued a “buy” rating and a $222.00 price target for the company. Finally, Evercore ISI set a $175.00 price target on shares of HubSpot and gave the company a “hold” rating in a report on Wednesday, August 7th. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $189.95.

HubSpot Company 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.