LRI Investments LLC Invests $208,000 in HubSpot, Inc. (NYSE:HUBS)

LRI Investments LLC acquired a new position in HubSpot, Inc. (NYSE:HUBS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 348 shares of the software maker’s stock, valued at approximately $208,000.

A number of other institutional investors have also made changes to their positions in HUBS. Vanguard Group Inc. grew its position in HubSpot by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after buying an additional 119,999 shares in the last quarter. Hsbc Holdings PLC grew its position in HubSpot by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after buying an additional 2,057 shares in the last quarter. Stifel Financial Corp grew its position in HubSpot by 15.1% during the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after buying an additional 4,371 shares in the last quarter. Strs Ohio grew its position in HubSpot by 1,203.0% during the fourth quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock worth $11,611,000 after buying an additional 18,466 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in HubSpot by 19.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock valued at $13,089,000 after purchasing an additional 3,671 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Kathryn Bueker sold 3,937 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the transaction, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Kathryn Bueker sold 3,937 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the transaction, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’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 transaction, the insider now directly owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The disclosure for this sale can be found here. Insiders sold 46,491 shares of company stock valued at $26,699,609 in the last quarter. Company insiders own 4.50% of the company’s stock.

HubSpot Trading Down 0.6 %

Shares of HUBS stock traded down $3.04 on Friday, hitting $492.72. The stock had a trading volume of 930,327 shares, compared to its average volume of 978,219. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The firm has a market cap of $25.11 billion, a P/E ratio of -185.93 and a beta of 1.60. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $563.62 and a two-hundred day moving average price of $596.98.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The company had revenue of $617.41 million during the quarter, compared to analyst estimates of $597.12 million. As a group, analysts forecast that HubSpot, Inc. will post -0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Scotiabank lifted their price objective on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a report on Friday, April 5th. Stifel Nicolaus decreased their price objective on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Mizuho decreased their price objective on HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Barclays decreased their price objective on HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Finally, Wells Fargo & Company decreased their price objective on HubSpot from $750.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $633.88.

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.