Stifel Financial Corp Boosts Stake in HubSpot, Inc. (NYSE:HUBS)

Stifel Financial Corp lifted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 31.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,438 shares of the software maker's stock after buying an additional 10,770 shares during the period. Stifel Financial Corp owned approximately 0.09% of HubSpot worth $24,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HUBS. Cetera Investment Advisers boosted its stake in shares of HubSpot by 106.2% in the 1st quarter. Cetera Investment Advisers now owns 3,994 shares of the software maker's stock worth $2,502,000 after buying an additional 2,057 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of HubSpot by 171.7% in the 1st quarter. Cetera Advisors LLC now owns 989 shares of the software maker's stock worth $620,000 after buying an additional 625 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of HubSpot by 24.1% in the 2nd quarter. SG Americas Securities LLC now owns 11,372 shares of the software maker's stock worth $6,707,000 after buying an additional 2,211 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in HubSpot by 11.1% during the second quarter. Sequoia Financial Advisors LLC now owns 590 shares of the software maker's stock valued at $348,000 after purchasing an additional 59 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in HubSpot by 14.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,124 shares of the software maker's stock valued at $1,253,000 after purchasing an additional 265 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HUBS. BMO Capital Markets lifted their target price on HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Truist Financial reiterated a "buy" rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Oppenheimer lifted their target price on HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on HubSpot from $560.00 to $635.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $684.27.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 115 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares of the company's stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kathryn Bueker sold 1,136 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $21,695,632.56. This represents a 2.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,390 shares of company stock worth $29,126,596. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Down 0.6 %

HUBS traded down $4.22 on Monday, hitting $737.45. The company had a trading volume of 460,936 shares, compared to its average volume of 588,482. The company has a market cap of $38.07 billion, a PE ratio of -2,743.79, a PEG ratio of 90.16 and a beta of 1.70. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47. The business's fifty day simple moving average is $617.46 and its 200 day simple moving average is $560.04.

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

HubSpot Company 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.