Captrust Financial Advisors Purchases 777 Shares of HubSpot, Inc. (NYSE:HUBS)

Captrust Financial Advisors increased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 132.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,363 shares of the software maker's stock after acquiring an additional 777 shares during the period. Captrust Financial Advisors' holdings in HubSpot were worth $725,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HUBS. Sequoia Financial Advisors LLC increased its holdings in HubSpot by 11.1% during the second quarter. Sequoia Financial Advisors LLC now owns 590 shares of the software maker's stock valued at $348,000 after buying an additional 59 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in HubSpot by 14.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,124 shares of the software maker's stock valued at $1,253,000 after purchasing an additional 265 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in HubSpot by 44.6% during the second quarter. V Square Quantitative Management LLC now owns 902 shares of the software maker's stock valued at $532,000 after purchasing an additional 278 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in HubSpot by 12.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,548 shares of the software maker's stock valued at $913,000 after purchasing an additional 173 shares during the period. Finally, High Net Worth Advisory Group LLC increased its position in HubSpot by 1.1% in the second quarter. High Net Worth Advisory Group LLC now owns 6,802 shares of the software maker's stock worth $4,012,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 1,507 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $792,440.88. Following the completion of the transaction, the chief executive officer now owns 62,668 shares in the company, valued at $32,953,341.12. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,390 shares of company stock worth $29,126,596. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on HubSpot from $625.00 to $750.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. BMO Capital Markets lifted their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. UBS Group increased their price objective on shares of HubSpot from $550.00 to $650.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Evercore ISI lifted their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus upped their target price on shares of HubSpot from $750.00 to $880.00 and gave the stock a "buy" rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $684.27.

HubSpot Stock Up 0.9 %

HubSpot stock traded up $6.29 during mid-day trading on Wednesday, reaching $726.91. 433,799 shares of the company's stock traded hands, compared to its average volume of 587,914. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47. The stock has a 50 day moving average of $625.45 and a two-hundred day moving average of $561.96. The company has a market cap of $37.52 billion, a price-to-earnings ratio of -2,694.79, a PEG ratio of 90.16 and a beta of 1.70.

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

HubSpot Company 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.