Allianz Asset Management GmbH Purchases 57,349 Shares of HubSpot Inc (NYSE:HUBS)

HubSpot logo Allianz Asset Management GmbH raised its holdings in HubSpot Inc (NYSE:HUBS) by 79.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,889 shares of the software maker’s stock after buying an additional 57,349 shares during the quarter. Allianz Asset Management GmbH owned 0.31% of HubSpot worth $22,149,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in HubSpot by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 73,066 shares of the software maker’s stock valued at $9,186,000 after purchasing an additional 11,076 shares during the last quarter. Geode Capital Management LLC lifted its holdings in HubSpot by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 382,570 shares of the software maker’s stock valued at $48,100,000 after purchasing an additional 34,178 shares during the last quarter. Brinker Capital Inc. acquired a new stake in HubSpot during the 1st quarter valued at $373,000. Oppenheimer Asset Management Inc. lifted its holdings in HubSpot by 27.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,032 shares of the software maker’s stock valued at $338,000 after purchasing an additional 436 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in HubSpot during the 1st quarter valued at $248,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

In other HubSpot news, CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $177.65, for a total value of $1,510,025.00. Following the transaction, the chief executive officer now owns 753,902 shares in the company, valued at $133,930,690.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dharmesh Shah sold 29,000 shares of HubSpot stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $182.30, for a total value of $5,286,700.00. Following the completion of the transaction, the insider now owns 1,498,433 shares in the company, valued at approximately $273,164,335.90. The disclosure for this sale can be found here. Insiders sold 141,147 shares of company stock worth $25,137,197 in the last 90 days. 8.30% of the stock is owned by company insiders.

Shares of NYSE HUBS opened at $189.16 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. HubSpot Inc has a 52 week low of $108.39 and a 52 week high of $207.98. The stock’s fifty day moving average is $188.80 and its 200 day moving average is $176.73.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.07. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The company had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $157.26 million. During the same quarter last year, the business earned $0.19 earnings per share. HubSpot’s revenue was up 33.2% on a year-over-year basis. On average, analysts predict that HubSpot Inc will post -0.74 earnings per share for the current fiscal year.

Several brokerages have issued reports on HUBS. Morgan Stanley raised their price target on HubSpot from $175.00 to $186.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. ValuEngine downgraded HubSpot from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Compass Point began coverage on HubSpot in a report on Tuesday, August 13th. They set a “buy” rating and a $222.00 price target for the company. Raymond James increased their price objective on HubSpot from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, UBS Group began coverage on HubSpot in a research report on Tuesday, August 13th. They set a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $196.60.

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.