6,251 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd acquired a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,251 shares of the software maker's stock, valued at approximately $3,687,000. HubSpot makes up about 1.1% of NINE MASTS CAPITAL Ltd's portfolio, making the stock its 13th largest position.

A number of other hedge funds have also made changes to their positions in HUBS. BOKF NA lifted its position in shares of HubSpot by 72,600.0% during the 2nd quarter. BOKF NA now owns 2,908 shares of the software maker's stock valued at $1,715,000 after acquiring an additional 2,904 shares during the last quarter. Achmea Investment Management B.V. increased its stake in HubSpot by 0.8% in the second quarter. Achmea Investment Management B.V. now owns 75,076 shares of the software maker's stock valued at $44,279,000 after acquiring an additional 592 shares during the period. Hazlett Burt & Watson Inc. lifted its position in shares of HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker's stock worth $91,000 after buying an additional 25 shares during the period. Wellington Shields & Co. LLC acquired a new stake in shares of HubSpot in the 2nd quarter valued at $249,000. Finally, HHM Wealth Advisors LLC grew its stake in HubSpot by 30.4% during the second quarter. HHM Wealth Advisors LLC now owns 343 shares of the software maker's stock worth $202,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of several recent research reports. Canaccord Genuity Group reduced their target price on shares of HubSpot from $700.00 to $600.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Evercore ISI reduced their price target on HubSpot from $650.00 to $550.00 and set an "in-line" rating for the company in a report on Thursday, August 8th. UBS Group cut their target price on shares of HubSpot from $580.00 to $550.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. Truist Financial reiterated a "buy" rating and set a $600.00 price objective (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $610.79.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of the firm's stock in a transaction on Wednesday, September 4th. The stock was 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 of the company's stock, valued at $33,009,441.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Yamini Rangan sold 116 shares of the firm's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 384 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares of the company's stock, valued at approximately $4,548,484.05. The disclosure for this sale can be found here. Insiders have sold 38,012 shares of company stock worth $21,300,253 in the last ninety days. Company insiders own 4.50% of the company's stock.

HubSpot Stock Performance

HUBS traded down $5.22 during mid-day trading on Thursday, reaching $492.60. 290,172 shares of the stock were exchanged, compared to its average volume of 620,989. The company has a 50 day moving average price of $494.82 and a two-hundred day moving average price of $571.73. The stock has a market capitalization of $25.10 billion, a PE ratio of -187.86, a price-to-earnings-growth ratio of 3,132.37 and a beta of 1.63. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million for the quarter, compared to analysts' expectations of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company's quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.17) EPS. Sell-side analysts expect that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

About HubSpot

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.