Wealth Enhancement Advisory Services LLC Has $1.70 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Wealth Enhancement Advisory Services LLC lifted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 50.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,197 shares of the software maker's stock after acquiring an additional 1,073 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in HubSpot were worth $1,699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC grew its stake in HubSpot by 5.6% in the first quarter. Private Advisor Group LLC now owns 1,296 shares of the software maker's stock valued at $812,000 after acquiring an additional 69 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in HubSpot by 34.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,775 shares of the software maker's stock worth $9,257,000 after purchasing an additional 3,750 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in HubSpot by 7.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,381 shares of the software maker's stock worth $5,878,000 after buying an additional 672 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in HubSpot by 6.4% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,452 shares of the software maker's stock valued at $910,000 after buying an additional 87 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of HubSpot in the first quarter valued at approximately $50,000. Institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

HUBS has been the topic of several research reports. Citigroup cut their price objective on shares of HubSpot from $699.00 to $629.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Canaccord Genuity Group cut their price target on HubSpot from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reiterated a "buy" rating and set a $730.00 price objective on shares of HubSpot in a report on Monday, October 14th. Royal Bank of Canada restated an "outperform" rating and issued a $700.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Finally, KeyCorp raised shares of HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 price target for the company in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $614.33.

HubSpot Stock Down 0.1 %

Shares of NYSE HUBS traded down $0.68 during mid-day trading on Monday, reaching $564.55. 481,378 shares of the company were exchanged, compared to its average volume of 586,931. The stock has a market capitalization of $28.99 billion, a P/E ratio of -1,045.44, a P/E/G ratio of 7,376.40 and a beta of 1.63. The company's 50-day simple moving average is $525.79 and its 200-day simple moving average is $545.99. HubSpot, Inc. has a twelve month low of $413.07 and a twelve month high of $693.85.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. The firm 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 business's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the business posted ($1.17) earnings per share.

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.