Capital Investment Advisory Services LLC Takes $36,000 Position in HubSpot Inc (NYSE:HUBS)

HubSpot logo Capital Investment Advisory Services LLC purchased a new stake in shares of HubSpot Inc (NYSE:HUBS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 200 shares of the software maker’s stock, valued at approximately $36,000.

Other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP boosted its holdings in HubSpot by 13.4% in the second quarter. First Trust Advisors LP now owns 1,025,986 shares of the software maker’s stock worth $174,951,000 after purchasing an additional 121,162 shares in the last quarter. Wasatch Advisors Inc. lifted its position in HubSpot by 2.5% during the 1st quarter. Wasatch Advisors Inc. now owns 502,406 shares of the software maker’s stock worth $83,505,000 after acquiring an additional 12,461 shares during the last quarter. Geode Capital Management LLC lifted its position in HubSpot by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 382,570 shares of the software maker’s stock worth $48,100,000 after acquiring an additional 34,178 shares during the last quarter. Janus Henderson Group PLC acquired a new position in HubSpot during the 2nd quarter worth $51,977,000. Finally, Federated Investors Inc. PA lifted its position in HubSpot by 44.2% during the 1st quarter. Federated Investors Inc. PA now owns 167,879 shares of the software maker’s stock worth $27,903,000 after acquiring an additional 51,446 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

In related news, CEO Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $191.99, for a total value of $1,631,915.00. Following the completion of the transaction, the chief executive officer now owns 743,404 shares of the company’s stock, valued at $142,726,133.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dharmesh Shah sold 29,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly 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. Insiders have sold 142,542 shares of company stock valued at $25,367,372 in the last ninety days. 8.30% of the stock is owned by company insiders.

Shares of HUBS opened at $199.68 on Monday. The company has a 50-day simple moving average of $186.44 and a 200-day simple moving average of $175.71. The firm has a market capitalization of $8.60 billion, a P/E ratio of -195.76 and a beta of 1.71. 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 Inc has a 52 week low of $108.39 and a 52 week high of $207.98.

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

A number of research analysts have weighed in on the stock. Stephens set a $198.00 target price on shares of HubSpot and gave the stock a “buy” rating in a research report on Wednesday, May 8th. UBS Group assumed coverage on shares of HubSpot in a research report on Tuesday, August 13th. They set a “buy” rating for the company. Morgan Stanley boosted their target price 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. Evercore ISI set a $175.00 target price on shares of HubSpot and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of HubSpot from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. HubSpot has a consensus rating of “Buy” and a consensus target price of $189.95.

About HubSpot

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.