HubSpot, Inc. (NYSE:HUBS) Shares Bought by Seven Eight Capital LP

Seven Eight Capital LP increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 146.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,250 shares of the software maker's stock after buying an additional 3,718 shares during the period. Seven Eight Capital LP's holdings in HubSpot were worth $3,686,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Gilbert & Cook Inc. increased its holdings in shares of HubSpot by 60.0% in the 4th 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 last quarter. Principal Securities Inc. acquired a new stake in HubSpot during the fourth quarter worth approximately $50,000. QRG Capital Management Inc. purchased a new stake in shares of HubSpot during the 4th quarter worth approximately $224,000. Dimensional Fund Advisors LP boosted its holdings in shares of HubSpot by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the software maker's stock valued at $41,470,000 after buying an additional 631 shares in the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in shares of HubSpot in the 4th quarter valued at $200,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $700.00 price objective on shares of HubSpot in a report on Thursday, August 8th. Bank of America reduced their price objective on HubSpot from $650.00 to $580.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Citigroup lowered their target price on shares of HubSpot from $699.00 to $629.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Canaccord Genuity Group reduced their price target on shares of HubSpot from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company lowered their price objective on shares of HubSpot from $650.00 to $625.00 and set an "overweight" 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 given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $610.79.

HubSpot Trading Up 2.3 %

Shares of NYSE HUBS traded up $11.54 during midday trading on Wednesday, reaching $503.84. 925,643 shares of the stock were exchanged, compared to its average volume of 619,393. The company has a market capitalization of $25.68 billion, a P/E ratio of -190.13, a P/E/G ratio of 3,140.82 and a beta of 1.63. The stock has a 50 day moving average price of $487.98 and a 200-day moving average price of $567.44. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. During the same period in the prior year, the business posted ($1.17) earnings per share. The firm's revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts forecast that HubSpot, Inc. will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the 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 sale, the chief executive officer now directly owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. 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 quarter. Company insiders own 4.50% of the company's stock.

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.