Highview Capital Management LLC DE Buys Shares of 2,882 HubSpot, Inc. (NYSE:HUBS)

Highview Capital Management LLC DE acquired a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,882 shares of the software maker's stock, valued at approximately $1,532,000.

Several other hedge funds have also modified their holdings of the stock. Hazlett Burt & Watson Inc. lifted its stake in HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker's stock worth $91,000 after purchasing an additional 25 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of HubSpot by 3.0% in the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker's stock valued at $494,000 after buying an additional 27 shares in the last quarter. Gilbert & Cook Inc. raised its position in shares of HubSpot by 1.4% during the first quarter. Gilbert & Cook Inc. now owns 1,993 shares of the software maker's stock worth $1,249,000 after purchasing an additional 28 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of HubSpot by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker's stock valued at $698,000 after purchasing an additional 30 shares during the period. Finally, Quent Capital LLC raised its holdings in HubSpot by 13.0% during the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker's stock worth $154,000 after buying an additional 30 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $5.01 during midday trading on Wednesday, hitting $568.22. 42,134 shares of the company's stock were exchanged, compared to its average volume of 588,085. HubSpot, Inc. has a 12 month low of $408.62 and a 12 month high of $693.85. The company has a market cap of $28.96 billion, a PE ratio of -212.67, a price-to-earnings-growth ratio of 7,068.33 and a beta of 1.64. The stock has a 50 day moving average price of $520.74 and a 200-day moving average price of $548.17.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. During the same period in the prior year, the company posted ($1.17) earnings per share. HubSpot's quarterly revenue was up 20.4% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Royal Bank of Canada restated an "outperform" rating and set a $700.00 price target on shares of HubSpot in a research note on Thursday, September 19th. UBS Group lowered their target price on HubSpot from $580.00 to $550.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. Barclays reduced their price target on shares of HubSpot from $575.00 to $500.00 and set an "equal weight" rating on the stock in a research report on Friday, August 9th. Truist Financial reissued a "buy" rating and set a $600.00 price target (down from $700.00) on shares of HubSpot in a research note on Thursday, August 8th. Finally, Citigroup reduced their price objective on HubSpot from $699.00 to $629.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $614.33.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 1,804 shares of the business's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company's stock in a transaction 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 represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $22,692,450. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,321 shares of company stock valued at $3,374,089. 4.50% of the stock is currently owned by company insiders.

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.