Stanley Laman Group Ltd. Has $1.24 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Stanley Laman Group Ltd. decreased its position in HubSpot, Inc. (NYSE:HUBS) by 15.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,109 shares of the software maker’s stock after selling 375 shares during the period. Stanley Laman Group Ltd.’s holdings in HubSpot were worth $1,244,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of HubSpot by 50.3% during the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after purchasing an additional 626,977 shares during the period. Jennison Associates LLC raised its holdings in shares of HubSpot by 62.1% during the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after purchasing an additional 604,554 shares during the period. Norges Bank acquired a new position in shares of HubSpot during the fourth quarter valued at about $311,236,000. Twin Focus Capital Partners LLC raised its holdings in shares of HubSpot by 92,828.2% during the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after purchasing an additional 487,348 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of HubSpot by 87.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock valued at $262,022,000 after purchasing an additional 210,138 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the sale, the insider now directly owns 518,152 shares in the company, valued at approximately $244,707,645.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the sale, the insider now directly owns 518,152 shares in the company, valued at approximately $244,707,645.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of 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 ninety days, insiders have sold 42,938 shares of company stock worth $24,451,825. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Performance

Shares of HubSpot stock traded up $8.36 on Friday, reaching $497.87. 480,065 shares of the company traded hands, compared to its average volume of 650,282. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The company has a 50 day moving average of $524.48 and a 200 day moving average of $586.39. The firm has a market capitalization of $25.37 billion, a PE ratio of -188.05 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. HubSpot’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.17) EPS. Equities analysts forecast that HubSpot, Inc. will post -0.44 earnings per share for the current year.

Analyst Ratings Changes

HUBS has been the topic of a number of analyst reports. TD Cowen lowered their target price on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Stifel Nicolaus lowered their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Mizuho lowered their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. BMO Capital Markets lowered their target price on shares of HubSpot from $635.00 to $570.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Truist Financial restated a “buy” rating and issued a $600.00 target price (down previously from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Five research 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, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $610.79.

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.