SG Americas Securities LLC Has $6.71 Million Stake in HubSpot, Inc. (NYSE:HUBS)

SG Americas Securities LLC lifted its position in HubSpot, Inc. (NYSE:HUBS) by 24.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,372 shares of the software maker’s stock after purchasing an additional 2,211 shares during the quarter. SG Americas Securities LLC’s holdings in HubSpot were worth $6,707,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in HubSpot by 14.3% in the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after acquiring an additional 15 shares during the period. Lincoln National Corp grew its position in HubSpot by 2.6% in the fourth quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock valued at $387,000 after acquiring an additional 17 shares during the period. Addison Capital Co grew its position in HubSpot by 0.5% in the fourth quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock valued at $2,219,000 after acquiring an additional 18 shares during the period. First Affirmative Financial Network grew its position in HubSpot by 3.8% in the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after acquiring an additional 18 shares during the period. Finally, Knights of Columbus Asset Advisors LLC grew its position in HubSpot by 0.7% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 2,879 shares of the software maker’s stock valued at $1,671,000 after acquiring an additional 20 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HUBS shares. TD Cowen lowered their price target on HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a report on Thursday. Royal Bank of Canada restated an “outperform” rating and set a $700.00 target price on shares of HubSpot in a report on Thursday. Mizuho decreased their target price on HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Piper Sandler restated an “overweight” rating and set a $570.00 target price on shares of HubSpot in a report on Thursday. Five 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, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $610.52.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was 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 in the company, valued at $40,332,333.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $40,332,333.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction that occurred 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 transaction, the insider now owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The disclosure for this sale can be found here. Insiders have sold a total of 46,875 shares of company stock valued at $26,879,025 over the last 90 days. 4.50% of the stock is owned by company insiders.

HubSpot Trading Down 0.8 %

NYSE:HUBS traded down $3.74 during mid-day trading on Friday, hitting $472.61. The company had a trading volume of 600,231 shares, compared to its average volume of 654,662. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The business’s fifty day moving average is $536.09 and its two-hundred day moving average is $590.11. 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 P/E ratio of -178.34 and a beta of 1.60.

HubSpot (NYSE:HUBS) last released its quarterly 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. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. HubSpot’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.17) earnings per share. As a group, research analysts expect that HubSpot, Inc. will post -0.44 earnings per share for the current year.

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.