Generate Investment Management Ltd Makes New $5.09 Million Investment in HubSpot, Inc. (NYSE:HUBS)

Generate Investment Management Ltd bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,632 shares of the software maker's stock, valued at approximately $5,091,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in HubSpot by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker's stock worth $3,025,964,000 after purchasing an additional 39,098 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker's stock worth $1,211,535,000 after buying an additional 176,336 shares during the last quarter. Wellington Management Group LLP boosted its stake in HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker's stock valued at $1,088,119,000 after buying an additional 626,977 shares in the last quarter. Jennison Associates LLC boosted its stake in HubSpot by 62.1% in the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker's stock valued at $988,406,000 after buying an additional 604,554 shares in the last quarter. Finally, Norges Bank bought a new position in HubSpot in the fourth quarter valued at about $311,236,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HubSpot stock traded down $3.43 on Tuesday, reaching $495.64. 346,447 shares of the company's stock were exchanged, compared to its average volume of 632,967. The company has a market capitalization of $25.26 billion, a P/E ratio of -188.33, a price-to-earnings-growth ratio of 3,148.72 and a beta of 1.60. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The firm's 50-day moving average is $507.28 and its two-hundred day moving average is $576.76.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period in the prior year, the firm earned ($1.17) earnings per share. HubSpot's revenue was up 20.4% on a year-over-year basis. On average, analysts expect that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 9,735 shares of the company's stock, valued at $4,548,484.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kathryn Bueker sold 1,135 shares of the company'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 $672,828.00. Following the completion of the sale, the chief financial officer now owns 44,715 shares in the company, valued at $26,507,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dawson Alyssa Harvey sold 384 shares of the firm's stock in a transaction 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 transaction, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,896 shares of company stock valued at $21,243,275. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. UBS Group dropped their target price 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. Raymond James cut their target price on shares of HubSpot from $725.00 to $675.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Stifel Nicolaus decreased their target price on shares of HubSpot from $700.00 to $600.00 and set a "buy" rating on the stock in a research note on Tuesday, July 30th. Evercore ISI dropped their price target on HubSpot from $650.00 to $550.00 and set an "in-line" rating for the company in a research note on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price objective on HubSpot from $650.00 to $625.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $610.79.

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.