Kintegral Advisory LLC Makes New $1.32 Million Investment in HubSpot, Inc. (NYSE:HUBS)

Kintegral Advisory LLC purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,232 shares of the software maker's stock, valued at approximately $1,316,000.

Several other institutional investors have also modified their holdings of HUBS. Riverview Trust Co acquired a new stake in HubSpot in the first quarter worth about $27,000. Geneos Wealth Management Inc. lifted its holdings in HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker's stock valued at $31,000 after acquiring an additional 45 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its holdings in HubSpot by 54.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker's stock valued at $48,000 after acquiring an additional 27 shares during the last quarter. Principal Securities Inc. acquired a new stake in HubSpot in the 4th quarter valued at about $50,000. Finally, Fidelis Capital Partners LLC acquired a new stake in HubSpot in the 1st quarter valued at about $50,000. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HUBS. Raymond James cut their price target on shares of HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Evercore ISI cut their price target on shares of HubSpot from $650.00 to $550.00 and set an "in-line" rating for the company in a report on Thursday, August 8th. Barclays cut their price target on shares of HubSpot from $575.00 to $500.00 and set an "equal weight" rating for the company in a report on Friday, August 9th. Piper Sandler reissued an "overweight" rating and issued a $570.00 price target on shares of HubSpot in a report on Thursday, August 8th. Finally, UBS Group reduced their price objective on shares of HubSpot from $580.00 to $550.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $610.79.

Insider Activity

In other news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $586.85, for a total value of $14,671,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,348,929 shares of the company's stock, valued at $791,618,983.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Dawson Alyssa Harvey sold 384 shares of the firm's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the transaction, the insider now directly owns 9,735 shares of the company's stock, valued at $4,548,484.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the firm's stock in a transaction on Monday, July 8th. The stock was sold at an average price of $586.85, for a total value of $14,671,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,348,929 shares of the company's stock, valued at $791,618,983.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,896 shares of company stock valued at $21,243,275. 4.50% of the stock is owned by company insiders.

HubSpot Stock Performance

HubSpot stock traded up $6.83 during trading hours on Thursday, reaching $500.02. 328,443 shares of the company were exchanged, compared to its average volume of 635,987. The firm has a market cap of $25.48 billion, a price-to-earnings ratio of -188.70 and a beta of 1.60. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $511.51 and a 200 day moving average of $579.45. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85.

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

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.