2,971 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,971 shares of the software maker's stock, valued at approximately $1,579,000.

Several other large investors have also added to or reduced their stakes in the business. GDS Wealth Management purchased a new position in HubSpot during the 3rd quarter worth $2,149,000. Pallas Capital Advisors LLC purchased a new position in HubSpot during the third quarter worth about $624,000. Headlands Technologies LLC bought a new stake in HubSpot in the 2nd quarter worth about $3,135,000. Icon Wealth Advisors LLC grew its position in HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker's stock worth $11,212,000 after purchasing an additional 20,479 shares in the last quarter. Finally, Curi RMB Capital LLC increased its stake in HubSpot by 15.1% in the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock valued at $3,797,000 after buying an additional 937 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the sale, the chief financial officer now owns 41,259 shares of the company's stock, valued at approximately $21,695,632.56. The trade was a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,391 shares of company stock valued at $29,101,488 in the last three months. Company insiders own 4.50% of the company's stock.

HubSpot Stock Down 0.2 %

HUBS traded down $1.71 during trading on Friday, reaching $721.05. 174,747 shares of the company were exchanged, compared to its average volume of 614,753. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $754.56. The company's 50-day moving average is $597.13 and its two-hundred day moving average is $555.74. The company has a market cap of $37.22 billion, a price-to-earnings ratio of -2,670.46, a P/E/G ratio of 87.65 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. Equities analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HUBS shares. Wells Fargo & Company boosted their target price on HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Canaccord Genuity Group boosted their price objective on HubSpot from $600.00 to $710.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on HubSpot from $626.00 to $690.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Piper Sandler cut HubSpot from an "overweight" rating to a "neutral" rating and lifted their target price for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, Truist Financial restated a "buy" rating and set a $750.00 price target (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price of $672.68.

About HubSpot

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.