abrdn plc Grows Stake in HubSpot, Inc. (NYSE:HUBS)

abrdn plc grew its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 43.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,541 shares of the software maker's stock after purchasing an additional 9,496 shares during the period. abrdn plc owned about 0.06% of HubSpot worth $16,767,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HUBS. Geneos Wealth Management Inc. boosted its position in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker's stock worth $31,000 after purchasing an additional 45 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of HubSpot in the 2nd quarter worth about $35,000. Crewe Advisors LLC grew its position in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock valued at $44,000 after buying an additional 63 shares during the period. Fidelis Capital Partners LLC purchased a new stake in HubSpot during the first quarter worth about $50,000. Finally, J.Safra Asset Management Corp increased its holdings in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock worth $51,000 after buying an additional 76 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research reports. Piper Sandler reissued an "overweight" rating and set a $570.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Citigroup reduced their price objective on HubSpot from $699.00 to $629.00 and set a "buy" rating for the company in a report on Friday, August 9th. Truist Financial restated a "buy" rating and issued a $600.00 target price (down from $700.00) on shares of HubSpot in a research note on Thursday, August 8th. UBS Group decreased their price objective on HubSpot from $580.00 to $550.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Finally, Bank of America lowered their price objective on HubSpot from $650.00 to $580.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $614.33.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the 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 transaction, the chief executive officer now owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Yamini Rangan sold 116 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 1,804 shares of the firm's stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,937 shares of company stock valued at $3,194,673. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Up 1.9 %

Shares of HUBS stock traded up $10.44 during trading on Friday, hitting $565.23. The company had a trading volume of 477,527 shares, compared to its average volume of 587,418. The stock's 50-day moving average is $524.47 and its two-hundred day moving average is $547.20. The stock has a market capitalization of $29.02 billion, a price-to-earnings ratio of -1,046.72, a price-to-earnings-growth ratio of 7,460.42 and a beta of 1.64. HubSpot, Inc. has a 52 week low of $408.62 and a 52 week high of $693.85.

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

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.