HubSpot, Inc. (NYSE:HUBS) Shares Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC increased its position in HubSpot, Inc. (NYSE:HUBS) by 28.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,028 shares of the software maker’s stock after acquiring an additional 228 shares during the period. Ameritas Advisory Services LLC’s holdings in HubSpot were worth $606,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HUBS. GAMMA Investing LLC lifted its holdings in shares of HubSpot by 14.3% in the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares in the last quarter. Lincoln National Corp increased its position in HubSpot by 2.6% during the fourth quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock worth $387,000 after buying an additional 17 shares in the last quarter. Addison Capital Co raised its holdings in shares of HubSpot by 0.5% in the fourth quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock worth $2,219,000 after acquiring an additional 18 shares during the last quarter. First Affirmative Financial Network lifted its position in shares of HubSpot by 3.8% in the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after acquiring an additional 18 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of HubSpot by 17.9% during the first quarter. Lindbrook Capital LLC now owns 138 shares of the software maker’s stock valued at $86,000 after acquiring an additional 21 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. BMO Capital Markets reduced their price objective on shares of HubSpot from $635.00 to $570.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $570.00 target price on shares of HubSpot in a research note on Thursday, August 8th. Stifel Nicolaus reduced their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $610.79.

HubSpot Stock Down 0.8 %

Shares of NYSE:HUBS traded down $3.91 during midday trading on Friday, hitting $496.14. 90,407 shares of the company’s stock traded hands, compared to its average volume of 632,739. The firm’s fifty day moving average price is $511.51 and its two-hundred day moving average price is $579.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The company has a market cap of $25.28 billion, a PE ratio of -188.69 and a beta of 1.60.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter in the previous year, the firm posted ($1.17) earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities research analysts anticipate that HubSpot, Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the sale, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated 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 transaction, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,896 shares of company stock valued at $21,243,275. Corporate insiders own 4.50% of the company’s stock.

HubSpot Profile

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.