Headlands Technologies LLC Takes $3.14 Million Position in HubSpot, Inc. (NYSE:HUBS)

Headlands Technologies LLC purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,315 shares of the software maker's stock, valued at approximately $3,135,000.

Several other institutional investors and hedge funds have also bought and sold shares of HUBS. Vanguard Group Inc. grew its stake in shares of HubSpot by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker's stock valued at $3,025,964,000 after buying an additional 39,098 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in HubSpot by 10.0% in 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 period. Wellington Management Group LLP lifted its stake in HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker's stock worth $1,088,119,000 after purchasing an additional 626,977 shares in the last quarter. Jennison Associates LLC raised its position in shares of HubSpot by 62.1% during the 1st 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 purchased a new stake in shares of HubSpot during the 4th quarter valued at about $311,236,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Yamini Rangan sold 116 shares of the firm's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 384 shares of the business's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, 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. In the last quarter, insiders have sold 38,012 shares of company stock valued at $21,300,253. 4.50% of the stock is owned by insiders.

HubSpot Price Performance

HUBS traded up $5.68 during midday trading on Wednesday, reaching $497.82. 254,696 shares of the company's stock were exchanged, compared to its average volume of 622,880. The business's 50-day moving average price is $494.82 and its 200 day moving average price is $571.73. The stock has a market capitalization of $25.56 billion, a PE ratio of -187.86, a P/E/G ratio of 3,132.37 and a beta of 1.63. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million during the quarter, compared to analyst estimates 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 revenue was up 20.4% on a year-over-year basis. During the same period last year, the business earned ($1.17) EPS. As a group, analysts expect that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent research reports. Citigroup dropped their price objective on shares of HubSpot from $699.00 to $629.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. KeyCorp upgraded shares of HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 target price on the stock in a research report on Thursday, August 8th. BMO Capital Markets reduced their target price on shares of HubSpot from $635.00 to $570.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company reduced their price target on shares of HubSpot from $650.00 to $625.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America dropped their price objective on shares of HubSpot from $650.00 to $580.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $610.79.

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.