HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Bailard Inc.

Bailard Inc. increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 26.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,115 shares of the software maker's stock after purchasing an additional 2,779 shares during the period. Bailard Inc.'s holdings in HubSpot were worth $7,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riverview Trust Co purchased a new position in shares of HubSpot during the first quarter worth about $27,000. Geneos Wealth Management Inc. increased its holdings in shares of HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker's stock valued at $31,000 after purchasing an additional 45 shares during the period. Larson Financial Group LLC raised its stake in shares of HubSpot by 1,380.0% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker's stock worth $43,000 after purchasing an additional 69 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its holdings in shares of HubSpot by 54.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker's stock worth $48,000 after purchasing an additional 27 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new position in HubSpot in the 1st quarter valued at $50,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HUBS shares. Barclays reduced their target price on shares of HubSpot from $575.00 to $500.00 and set an "equal weight" rating for the company in a research note on Friday, August 9th. Piper Sandler reiterated an "overweight" rating and set a $570.00 target price on shares of HubSpot in a research report on Thursday, August 8th. Evercore ISI reduced their price target on HubSpot from $650.00 to $550.00 and set an "in-line" rating for the company in a report on Thursday, August 8th. Mizuho dropped their price objective on HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a report on Thursday, May 9th. Finally, Raymond James reduced their target price on HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $610.79.

HubSpot Price Performance

Shares of NYSE HUBS traded down $4.22 during trading on Monday, reaching $498.85. The company had a trading volume of 217,585 shares, compared to its average volume of 641,243. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The stock has a 50-day moving average price of $514.08 and a two-hundred day moving average price of $581.08. The stock has a market capitalization of $25.42 billion, a PE ratio of -188.25 and a beta of 1.60.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The firm had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same quarter in the previous year, the company posted ($1.17) EPS. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, sell-side analysts predict that HubSpot, Inc. will post -0.44 earnings per share for the current year.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 2,877 shares of the firm's stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares in the company, valued at $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the sale, the insider now directly owns 518,152 shares of the company's stock, valued at $244,707,645.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,877 shares of the company's stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares of the company's stock, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,279 shares of company stock valued at $22,792,225. Company insiders own 4.50% of the company's stock.

About HubSpot

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.

Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot, Inc. (NYSE:HUBS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.