1,281 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,281 shares of the software maker’s stock, valued at approximately $756,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of HubSpot by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after purchasing an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in HubSpot by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Wellington Management Group LLP grew its stake 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 worth $1,088,119,000 after buying an additional 626,977 shares during the last quarter. Jennison Associates LLC increased 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 worth $988,406,000 after buying an additional 604,554 shares in the last quarter. Finally, Norges Bank bought a new position in shares of HubSpot in the 4th quarter valued at $311,236,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

HubSpot stock traded down $3.74 during midday trading on Friday, reaching $472.61. 600,231 shares of the stock were exchanged, compared to its average volume of 654,662. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $24.09 billion, a PE ratio of -178.34 and a beta of 1.60. The company’s fifty day moving average is $536.09 and its 200-day moving average is $590.14.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The company had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned ($1.17) earnings per share. On average, sell-side analysts forecast that HubSpot, Inc. will post -0.44 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the transaction, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now directly owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 completion of the transaction, the chief executive officer now directly 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 ninety days, insiders sold 46,875 shares of company stock worth $26,879,025. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HUBS shares. Wells Fargo & Company cut their price target on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a report on Thursday. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a research report on Thursday. Stifel Nicolaus lowered their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Bank of America reduced their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday. Finally, TD Cowen lowered their price target on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $610.52.

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.