Janus Henderson Group PLC Raises Stock Position in HubSpot, Inc. (NYSE:HUBS)

Janus Henderson Group PLC grew its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,463 shares of the software maker's stock after buying an additional 1,479 shares during the period. Janus Henderson Group PLC's holdings in HubSpot were worth $13,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. GDS Wealth Management bought a new position in HubSpot in the third quarter worth approximately $2,149,000. Pallas Capital Advisors LLC bought a new position in HubSpot in the third quarter worth approximately $624,000. Headlands Technologies LLC bought a new position in HubSpot in the second quarter worth approximately $3,135,000. Icon Wealth Advisors LLC boosted its holdings in HubSpot by 3,346.2% in the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker's stock worth $11,212,000 after acquiring an additional 20,479 shares in the last quarter. Finally, Curi RMB Capital LLC lifted its holdings in shares of HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock valued at $3,797,000 after purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 62,668 shares of the company's stock, valued at $32,953,341.12. This represents a 2.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the transaction, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,390 shares of company stock valued at $29,126,596. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Performance

Shares of HubSpot stock traded down $4.22 during midday trading on Monday, hitting $737.45. The company had a trading volume of 460,936 shares, compared to its average volume of 588,482. The stock has a market capitalization of $38.07 billion, a P/E ratio of -2,731.20, a P/E/G ratio of 90.16 and a beta of 1.70. The company has a 50 day moving average of $621.58 and a 200 day moving average of $561.04. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $762.47.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data 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 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) EPS. Equities research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on HUBS. Evercore ISI lifted their price target on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Truist Financial reissued a "buy" rating and issued a $750.00 target price (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Oppenheimer raised their target price on HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. BMO Capital Markets raised their target price on HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their target price on HubSpot from $560.00 to $635.00 and gave the stock an "overweight" 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 data from MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and an average target price of $684.27.

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.