Allen Investment Management LLC Acquires New Shares in HubSpot, Inc. (NYSE:HUBS)

Allen Investment Management LLC acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,376 shares of the software maker's stock, valued at approximately $5,530,000.

A number of other institutional investors have also recently bought and sold shares of HUBS. GAMMA Investing LLC raised its stake in shares of HubSpot by 14.3% during the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker's stock worth $75,000 after purchasing an additional 15 shares in the last quarter. First Affirmative Financial Network raised its stake in shares of HubSpot by 3.8% in the 1st quarter. First Affirmative Financial Network now owns 493 shares of the software maker's stock valued at $309,000 after acquiring an additional 18 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of HubSpot by 17.9% in the 1st quarter. Lindbrook Capital LLC now owns 138 shares of the software maker's stock valued at $86,000 after acquiring an additional 21 shares in the last quarter. Eagle Wealth Strategies LLC raised its stake in shares of HubSpot by 5.8% in the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker's stock valued at $246,000 after acquiring an additional 21 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker's stock valued at $91,000 after acquiring an additional 25 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HUBS. Stifel Nicolaus cut their price objective on HubSpot from $700.00 to $600.00 and set a "buy" rating on the stock in a research note on Tuesday, July 30th. BMO Capital Markets dropped their price target on HubSpot from $635.00 to $570.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company dropped their price target on HubSpot from $650.00 to $625.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Canaccord Genuity Group dropped their price target on HubSpot from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group dropped their price target on HubSpot from $580.00 to $550.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of "Moderate Buy" and an average price target of $610.79.

HubSpot Stock Performance

HubSpot stock traded down $1.43 on Friday, reaching $491.17. The company's stock had a trading volume of 482,035 shares, compared to its average volume of 620,204. The company has a market cap of $25.22 billion, a price-to-earnings ratio of -185.35, a PEG ratio of 3,140.82 and a beta of 1.63. The business's fifty day moving average price is $490.90 and its 200 day moving average price is $570.06. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85.

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

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the sale, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Kathryn Bueker sold 1,135 shares of the business'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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the sale, the insider now owns 518,152 shares of the company's stock, valued at approximately $244,707,645.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,012 shares of company stock valued at $21,300,253. 4.50% of the stock is currently owned by corporate insiders.

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.