Icon Wealth Advisors LLC Purchases 20,479 Shares of HubSpot, Inc. (NYSE:HUBS)

Icon Wealth Advisors LLC increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 3,346.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,091 shares of the software maker's stock after buying an additional 20,479 shares during the period. HubSpot comprises approximately 0.4% of Icon Wealth Advisors LLC's portfolio, making the stock its 27th largest position. Icon Wealth Advisors LLC's holdings in HubSpot were worth $11,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBS. GDS Wealth Management bought a new position in shares of HubSpot during the third quarter worth about $2,149,000. Pallas Capital Advisors LLC bought a new stake in shares of HubSpot in the 3rd quarter valued at $624,000. Headlands Technologies LLC acquired a new stake in shares of HubSpot during the second quarter worth $3,135,000. Curi RMB Capital LLC raised its stake in HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock worth $3,797,000 after buying an additional 937 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC acquired a new position in HubSpot in the second quarter valued at $1,346,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

Shares of NYSE HUBS traded up $22.74 during midday trading on Friday, reaching $742.74. The company's stock had a trading volume of 653,386 shares, compared to its average volume of 593,717. The stock has a market capitalization of $38.34 billion, a P/E ratio of -2,660.15, a PEG ratio of 82.97 and a beta of 1.63. The firm has a 50 day moving average price of $570.51 and a 200-day moving average price of $551.07. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $745.49.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. BMO Capital Markets boosted their price target on HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Bank of America reduced their price objective on shares of HubSpot from $650.00 to $580.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company increased their target price on shares of HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lifted their price target on shares of HubSpot from $600.00 to $625.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $672.68.

Insider Activity

In other news, CEO Yamini Rangan sold 116 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares in the company, valued at $5,322,100. This trade represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,391 shares of company stock worth $29,101,488. 4.50% of the stock is owned by corporate insiders.

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.