EP Wealth Advisors LLC Invests $384,000 in HubSpot, Inc. (NYSE:HUBS)

EP Wealth Advisors LLC bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 723 shares of the software maker's stock, valued at approximately $384,000.

A number of other large investors have also recently made changes to their positions in HUBS. International Assets Investment Management LLC bought a new stake in HubSpot during the 2nd quarter valued at $35,000. HM Payson & Co. raised its position in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after acquiring an additional 18 shares in the last quarter. Crewe Advisors LLC lifted its stake in shares of HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock worth $44,000 after purchasing an additional 63 shares during the last quarter. True Wealth Design LLC bought a new stake in HubSpot during the third quarter valued at about $62,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in HubSpot by 41.6% in the second 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 during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Down 1.4 %

Shares of NYSE HUBS traded down $9.95 during midday trading on Friday, reaching $724.54. 189,178 shares of the stock were exchanged, compared to its average volume of 586,197. The firm has a market cap of $37.40 billion, a price-to-earnings ratio of -2,719.33, a PEG ratio of 88.26 and a beta of 1.70. The firm has a 50-day simple moving average of $634.05 and a two-hundred day simple moving average of $564.30. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate 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 net margin of 0.56% and a negative return on equity of 1.16%. The firm's revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) earnings per share. Research analysts expect that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on HUBS. UBS Group increased their price target on shares of HubSpot from $550.00 to $650.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on shares of HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Mizuho upped their price target on HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research report on Friday. Barclays raised their price objective on HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada upped their target price on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $689.95.

Insiders Place Their Bets

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 sale, the chief executive officer now directly owns 62,668 shares in the company, valued at approximately $32,953,341.12. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,390 shares of company stock worth $29,126,596. 4.50% of the stock is owned by corporate insiders.

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.