Kornitzer Capital Management Inc. KS Buys 6,650 Shares of HubSpot, Inc. (NYSE:HUBS)

Kornitzer Capital Management Inc. KS increased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 554.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,850 shares of the software maker's stock after purchasing an additional 6,650 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in HubSpot were worth $4,630,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Gilbert & Cook Inc. grew its position in HubSpot by 60.0% in the fourth quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker's stock valued at $1,141,000 after acquiring an additional 737 shares during the period. New York Life Investment Management LLC increased its position in shares of HubSpot by 25.6% during the 4th quarter. New York Life Investment Management LLC now owns 921 shares of the software maker's stock worth $535,000 after purchasing an additional 188 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in HubSpot during the 4th quarter valued at about $109,000. Private Advisor Group LLC boosted its position in HubSpot by 32.6% in the fourth quarter. Private Advisor Group LLC now owns 1,227 shares of the software maker's stock valued at $712,000 after buying an additional 302 shares in the last quarter. Finally, Lincoln National Corp grew its stake 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 during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Stock Down 1.5 %

Shares of HUBS stock traded down $7.69 during trading hours on Friday, hitting $496.48. 388,393 shares of the company's stock traded hands, compared to its average volume of 628,632. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The stock has a market cap of $25.30 billion, a PE ratio of -187.35, a price-to-earnings-growth ratio of 3,148.72 and a beta of 1.60. The stock's 50 day simple moving average is $500.50 and its 200 day simple moving average is $574.05.

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

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of research analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $570.00 target price on shares of HubSpot in a research note on Thursday, August 8th. Mizuho reduced their price objective on HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research note on Thursday, May 9th. Needham & Company LLC restated a "buy" rating and set a $730.00 target price on shares of HubSpot in a report on Thursday, August 8th. Stifel Nicolaus cut their price target on HubSpot from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. Finally, Bank of America reduced their price target on shares of HubSpot from $650.00 to $580.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Five investment 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $610.79.

Insider Buying and Selling

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 9,735 shares of the company's stock, valued at $4,548,484.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Dawson Alyssa Harvey sold 384 shares of the business's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,135 shares of the company's stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the transaction, the chief financial officer now directly owns 44,715 shares of the company's stock, valued at $26,507,052. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock valued at $21,300,253 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

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.