HubSpot, Inc. (HUBS) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its position in HubSpot, Inc. (NYSE:HUBS) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,320 shares of the software maker’s stock after acquiring an additional 285 shares during the quarter. Stifel Financial Corp’s holdings in HubSpot were worth $418,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. FMR LLC lifted its position in shares of HubSpot by 1.1% in the 2nd quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock valued at $360,394,000 after acquiring an additional 59,473 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of HubSpot by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after acquiring an additional 97,869 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of HubSpot by 145.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock valued at $155,602,000 after acquiring an additional 1,400,677 shares in the last quarter. BlackRock Inc. lifted its position in shares of HubSpot by 82,588.5% in the 1st quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock valued at $129,025,000 after acquiring an additional 2,128,306 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of HubSpot by 8.2% in the 2nd quarter. First Trust Advisors LP now owns 861,781 shares of the software maker’s stock valued at $56,662,000 after acquiring an additional 65,371 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

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HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.15. The business had revenue of $97.73 million for the quarter, compared to analyst estimates of $96.50 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The firm’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share.

Several brokerages recently commented on HUBS. UBS AG restated a “buy” rating and issued a $93.00 price target on shares of HubSpot in a research report on Thursday. KeyCorp restated a “sector weight” rating on shares of HubSpot in a research report on Friday, October 13th. Morgan Stanley upped their price target on shares of HubSpot from $90.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Tuesday, October 3rd. Finally, TheStreet upgraded shares of HubSpot from a “d” rating to a “c-” rating in a research report on Monday, October 9th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.83.

In other news, insider Hunter Madeley sold 1,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $72.80, for a total value of $72,800.00. Following the transaction, the insider now directly owns 66,887 shares of the company’s stock, valued at $4,869,373.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Kinzer sold 15,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the completion of the transaction, the chief financial officer now directly owns 92,380 shares in the company, valued at $6,210,707.40. The disclosure for this sale can be found here. Insiders have sold 47,000 shares of company stock worth $3,425,100 over the last ninety days. Insiders own 12.10% of the company’s stock.

About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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