HubSpot Inc (NYSE:HUBS) Shares Bought by Bank of Montreal Can

HubSpot logo Bank of Montreal Can raised its position in HubSpot Inc (NYSE:HUBS) by 11.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,958 shares of the software maker’s stock after buying an additional 1,556 shares during the period. Bank of Montreal Can’s holdings in HubSpot were worth $2,551,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in HubSpot by 48.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 30,993 shares of the software maker’s stock worth $5,291,000 after purchasing an additional 10,083 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in HubSpot in the 2nd quarter worth approximately $36,000. Allianz Asset Management GmbH lifted its stake in HubSpot by 79.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 129,889 shares of the software maker’s stock worth $22,149,000 after purchasing an additional 57,349 shares in the last quarter. Sciencast Management LP purchased a new position in HubSpot in the 2nd quarter worth approximately $666,000. Finally, BB&T Securities LLC lifted its stake in HubSpot by 16.5% in the 2nd quarter. BB&T Securities LLC now owns 1,741 shares of the software maker’s stock worth $296,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

A number of research analysts have weighed in on HUBS shares. Jefferies Financial Group raised their target price on shares of HubSpot from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. UBS Group initiated coverage on shares of HubSpot in a research report on Tuesday, August 13th. They set a “buy” rating on the stock. Cowen set a $170.00 price target on shares of HubSpot and gave the company a “hold” rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised shares of HubSpot from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $187.00 to $230.00 in a research report on Thursday, September 5th. They noted that the move was a valuation call. Finally, Evercore ISI set a $175.00 price target on shares of HubSpot and gave the company a “hold” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $196.60.

HubSpot stock opened at $164.11 on Friday. HubSpot Inc has a fifty-two week low of $108.39 and a fifty-two week high of $207.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. The firm has a 50 day moving average price of $188.14 and a 200 day moving average price of $177.01. The company has a market capitalization of $7.17 billion, a PE ratio of -160.89 and a beta of 1.67.

HubSpot (NYSE:HUBS) last posted its earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.07. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The firm had revenue of $163.30 million during the quarter, compared to the consensus estimate of $157.26 million. During the same quarter last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. As a group, equities research analysts forecast that HubSpot Inc will post -0.74 earnings per share for the current year.

In other HubSpot news, CFO Kathryn Bueker sold 1,306 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $174.65, for a total value of $228,092.90. Following the completion of the transaction, the chief financial officer now owns 39,520 shares in the company, valued at $6,902,168. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $191.99, for a total transaction of $1,631,915.00. Following the completion of the transaction, the chief executive officer now owns 743,404 shares of the company’s stock, valued at approximately $142,726,133.96. The disclosure for this sale can be found here. Insiders sold a total of 141,147 shares of company stock valued at $25,137,197 in the last quarter. 8.30% of the stock is owned by insiders.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.