HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Bokf Na

BOKF NA lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 72,600.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,908 shares of the software maker's stock after buying an additional 2,904 shares during the quarter. BOKF NA's holdings in HubSpot were worth $1,715,000 as of its most recent SEC filing.

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

HubSpot Stock Down 0.3 %

Shares of HubSpot stock traded down $1.43 during trading 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. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The company has a market capitalization of $25.22 billion, a P/E ratio of -185.35, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63. The business has a 50 day moving average price of $490.90 and a 200-day moving average price of $569.76.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Raymond James lowered their price target on HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Barclays decreased their price objective on HubSpot from $575.00 to $500.00 and set an "equal weight" rating for the company in a research note on Friday, August 9th. Oppenheimer decreased their price objective on HubSpot from $725.00 to $625.00 and set an "outperform" rating for the company in a research note on Monday, July 22nd. Stifel Nicolaus decreased their price objective on HubSpot from $700.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday, July 30th. Finally, Canaccord Genuity Group decreased their price objective on HubSpot from $700.00 to $600.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $610.79.

Insider Buying and Selling at HubSpot

In other news, CFO Kathryn Bueker sold 1,135 shares of the 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 sale, the chief financial officer now directly owns 44,715 shares in the company, valued at $26,507,052. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Kathryn Bueker sold 1,135 shares of HubSpot stock in a transaction dated 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 approximately $26,507,052. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares of the company's stock, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. In the last three months, insiders sold 38,012 shares of company stock worth $21,300,253. 4.50% of the stock is 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.