HubSpot, Inc. (NYSE:HUBS) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC grew its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 88.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,276 shares of the software maker's stock after buying an additional 5,767 shares during the period. MML Investors Services LLC's holdings in HubSpot were worth $6,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in HubSpot during the second quarter worth $35,000. HM Payson & Co. raised its holdings in shares of HubSpot by 36.0% during 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 during the period. Crewe Advisors LLC boosted its position in shares of HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock valued at $44,000 after acquiring an additional 63 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of HubSpot in the third quarter valued at about $62,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker's stock worth $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 Performance

Shares of HUBS traded down $12.43 during midday trading on Friday, hitting $722.06. The company had a trading volume of 340,487 shares, compared to its average volume of 586,882. The company's 50-day simple moving average is $634.05 and its 200-day simple moving average is $564.30. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47. The firm has a market capitalization of $37.27 billion, a P/E ratio of -2,719.33, a P/E/G ratio of 88.26 and a beta of 1.70.

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

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the transaction, the chief technology officer now directly owns 1,323,145 shares of the company's stock, valued at $889,973,789.90. The trade was a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the chief executive officer now owns 62,668 shares of the company's stock, valued at approximately $32,953,341.12. This represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,390 shares of company stock valued at $29,126,596 over the last three months. 4.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HUBS shares. The Goldman Sachs Group raised 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Stifel Nicolaus increased their price target on HubSpot from $750.00 to $880.00 and gave the stock a "buy" rating in a report on Monday. Evercore ISI boosted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Finally, 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. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $689.95.

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.