4,800 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,800 shares of the software maker's stock, valued at approximately $2,552,000.

Several other institutional investors have also recently made changes to their positions in HUBS. International Assets Investment Management LLC purchased a new stake in shares of HubSpot during the second quarter worth $35,000. HM Payson & Co. increased its position in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after buying an additional 18 shares during the period. Crewe Advisors LLC lifted its holdings in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock worth $44,000 after buying an additional 63 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in HubSpot by 690.9% in the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock worth $51,000 after purchasing an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of HubSpot by 41.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker's stock valued at $64,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on HUBS shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $730.00 price target on shares of HubSpot in a report on Thursday, November 7th. Truist Financial restated a "buy" rating and issued a $750.00 price objective (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Oppenheimer boosted their price target on shares of HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their price objective on shares of HubSpot from $550.00 to $650.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $672.68.

Insider Activity

In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction 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 completion of the sale, the chief executive officer now owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathryn Bueker sold 4,381 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now owns 41,259 shares of the company's stock, valued at $28,881,300. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,391 shares of company stock worth $29,101,488. 4.50% of the stock is currently owned by insiders.

HubSpot Stock Up 1.8 %

HUBS stock traded up $12.47 on Wednesday, reaching $695.00. 340,180 shares of the company's stock were exchanged, compared to its average volume of 593,160. The firm has a market cap of $35.88 billion, a PE ratio of -2,526.87, a P/E/G ratio of 82.30 and a beta of 1.63. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $724.61. The stock has a fifty day moving average of $562.05 and a 200-day moving average of $548.88.

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

HubSpot Profile

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.