Gilder Gagnon Howe & Co. LLC Has $144.06 Million Stock Holdings in HubSpot Inc (NYSE:HUBS)

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Gilder Gagnon Howe & Co. LLC cut its stake in HubSpot Inc (NYSE:HUBS) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 642,115 shares of the software maker’s stock after selling 27,456 shares during the quarter. HubSpot makes up 1.1% of Gilder Gagnon Howe & Co. LLC’s portfolio, making the stock its 23rd biggest holding. Gilder Gagnon Howe & Co. LLC owned 1.41% of HubSpot worth $144,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of HUBS. Capital World Investors boosted its holdings in HubSpot by 9.7% in the first quarter. Capital World Investors now owns 1,286,943 shares of the software maker’s stock worth $171,408,000 after purchasing an additional 113,805 shares in the last quarter. First Trust Advisors LP boosted its holdings in HubSpot by 0.3% in the second quarter. First Trust Advisors LP now owns 1,258,432 shares of the software maker’s stock worth $282,329,000 after purchasing an additional 3,482 shares in the last quarter. Wellington Management Group LLP boosted its holdings in HubSpot by 38.7% in the first quarter. Wellington Management Group LLP now owns 1,231,332 shares of the software maker’s stock worth $164,001,000 after purchasing an additional 343,577 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in HubSpot by 61.3% in the second quarter. Wasatch Advisors Inc. now owns 1,131,088 shares of the software maker’s stock worth $253,760,000 after purchasing an additional 429,921 shares in the last quarter. Finally, Lone Pine Capital LLC boosted its holdings in HubSpot by 244.1% in the first quarter. Lone Pine Capital LLC now owns 776,490 shares of the software maker’s stock worth $103,421,000 after purchasing an additional 550,843 shares in the last quarter. 92.05% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on HUBS shares. Wells Fargo & Co upped their price target on shares of HubSpot from $195.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Citigroup upped their price target on shares of HubSpot from $286.00 to $328.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Stifel Nicolaus upped their price target on shares of HubSpot from $200.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Goldman Sachs Group upped their price target on shares of HubSpot from $184.00 to $263.00 in a report on Monday, June 29th. Finally, ValuEngine cut shares of HubSpot from a “buy” rating to a “hold” rating in a report on Thursday, July 2nd. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. HubSpot presently has a consensus rating of “Buy” and an average target price of $245.74.

In other news, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $215.23, for a total value of $1,829,455.00. Following the sale, the chief executive officer now directly owns 711,264 shares of the company’s stock, valued at approximately $153,085,350.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,070 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $235.39, for a total transaction of $251,867.30. Following the completion of the sale, the chief financial officer now directly owns 41,608 shares in the company, valued at $9,794,107.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,078 shares of company stock worth $7,031,779. Insiders own 8.30% of the company’s stock.

NYSE:HUBS traded down $7.63 during mid-day trading on Friday, hitting $280.11. The company’s stock had a trading volume of 754,764 shares, compared to its average volume of 547,467. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of -167.73 and a beta of 1.64. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 1.03. The stock has a fifty day moving average of $257.67 and a 200-day moving average of $197.21. HubSpot Inc has a fifty-two week low of $90.83 and a fifty-two week high of $320.89.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 5th. The software maker reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.17. The business had revenue of $203.61 million during the quarter, compared to the consensus estimate of $195.43 million. HubSpot had a negative net margin of 9.50% and a negative return on equity of 3.90%. On average, equities analysts anticipate that HubSpot Inc will post -1.52 earnings per share for the current fiscal year.

HubSpot Company Profile

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.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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