Commerce Bank Raises Holdings in HubSpot, Inc. (NYSE:HUBS)

Commerce Bank grew its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 16.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,633 shares of the software maker's stock after acquiring an additional 917 shares during the quarter. Commerce Bank's holdings in HubSpot were worth $3,526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HUBS. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of HubSpot in the third quarter worth approximately $1,706,000. Caprock Group LLC increased its stake in HubSpot by 16.8% in the third quarter. Caprock Group LLC now owns 673 shares of the software maker's stock worth $358,000 after purchasing an additional 97 shares during the period. Aviso Wealth Management increased its stake in HubSpot by 26.3% in the third quarter. Aviso Wealth Management now owns 1,762 shares of the software maker's stock worth $936,000 after purchasing an additional 367 shares during the period. Quest Partners LLC lifted its position in shares of HubSpot by 125.6% during the third quarter. Quest Partners LLC now owns 871 shares of the software maker's stock worth $463,000 after purchasing an additional 485 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of HubSpot by 0.8% during the third quarter. Swiss National Bank now owns 143,700 shares of the software maker's stock valued at $76,391,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HUBS shares. Royal Bank of Canada raised their price target on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Raymond James lowered their price target on HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Bank of America reduced their price objective on HubSpot from $650.00 to $580.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company upped their target price on HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $672.68.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 116 shares of the 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 owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the sale, the insider now owns 513,698 shares of the company's stock, 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 quarter, insiders have sold 44,391 shares of company stock valued at $29,101,488. Insiders own 4.50% of the company's stock.

HubSpot Trading Up 3.1 %

Shares of HUBS traded up $22.61 during midday trading on Friday, hitting $742.61. 653,470 shares of the company's stock traded hands, compared to its average volume of 588,401. The stock has a market capitalization of $38.33 billion, a price-to-earnings ratio of -2,750.31, a price-to-earnings-growth ratio of 87.52 and a beta of 1.63. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $745.49. The firm's fifty day moving average is $575.54 and its 200-day moving average is $551.49.

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 analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million during the quarter, compared to analysts' expectations of $646.97 million. During the same period last year, the business posted ($0.04) earnings per share. The firm's revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current 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.