Raymond James Financial Services Advisors Inc. Raises Position in HubSpot, Inc. (NYSE:HUBS)

Raymond James Financial Services Advisors Inc. raised its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,767 shares of the software maker's stock after purchasing an additional 2,072 shares during the quarter. Raymond James Financial Services Advisors Inc.'s holdings in HubSpot were worth $14,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HUBS. Western Financial Corp CA boosted its stake in shares of HubSpot by 9.5% in the 2nd quarter. Western Financial Corp CA now owns 1,745 shares of the software maker's stock valued at $1,029,000 after purchasing an additional 151 shares in the last quarter. Intellectus Partners LLC boosted its position in HubSpot by 2.0% in the second quarter. Intellectus Partners LLC now owns 4,565 shares of the software maker's stock valued at $2,692,000 after buying an additional 90 shares in the last quarter. Blue Trust Inc. grew its stake in shares of HubSpot by 21.0% during the second quarter. Blue Trust Inc. now owns 456 shares of the software maker's stock worth $286,000 after buying an additional 79 shares during the last quarter. Swedbank AB increased its holdings in shares of HubSpot by 2.5% during the second quarter. Swedbank AB now owns 25,920 shares of the software maker's stock worth $15,287,000 after buying an additional 632 shares in the last quarter. Finally, Quantum Private Wealth LLC lifted its stake in shares of HubSpot by 7.1% in the 2nd quarter. Quantum Private Wealth LLC now owns 4,520 shares of the software maker's stock valued at $2,666,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of research reports. Oppenheimer reduced their price objective on HubSpot from $725.00 to $625.00 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. KeyCorp upgraded HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 price target on the stock in a report on Thursday, August 8th. UBS Group dropped their price objective on shares of HubSpot from $580.00 to $550.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Royal Bank of Canada reissued an "outperform" rating and set a $700.00 target price on shares of HubSpot in a report on Thursday, August 8th. Finally, Bank of America decreased their price target on shares of HubSpot from $650.00 to $580.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Five equities 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.com, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $610.79.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business's stock in a transaction on Monday, July 8th. The shares were sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the completion of the sale, the chief technology officer now owns 1,348,929 shares in the company, valued at approximately $791,618,983.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the completion of the transaction, the chief technology officer now owns 1,348,929 shares in the company, valued at approximately $791,618,983.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 192 shares of the business's stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total value of $124,800.00. Following the sale, the insider now directly owns 10,860 shares of the company's stock, valued at $7,059,000. The disclosure for this sale can be found here. Insiders sold a total of 40,279 shares of company stock worth $22,792,225 over the last quarter. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Stock Up 0.3 %

NYSE:HUBS traded up $1.54 during trading hours on Thursday, reaching $496.84. The company had a trading volume of 597,578 shares, compared to its average volume of 646,032. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The firm has a market cap of $25.32 billion, a price-to-earnings ratio of -187.48 and a beta of 1.60. The business's 50-day simple moving average is $517.16 and its two-hundred day simple moving average is $583.04.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $619.28 million. During the same period last year, the business posted ($1.17) EPS. The firm's revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities analysts expect that HubSpot, Inc. will post -0.44 earnings per share for the current year.

HubSpot Company 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.