Thrivent Financial for Lutherans Acquires 3,270 Shares of HubSpot, Inc. (NYSE:HUBS)

Thrivent Financial for Lutherans boosted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,559 shares of the software maker's stock after purchasing an additional 3,270 shares during the period. Thrivent Financial for Lutherans owned 0.07% of HubSpot worth $17,840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HUBS. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the second quarter worth $35,000. HM Payson & Co. grew its position in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after buying an additional 18 shares during the last quarter. Crewe Advisors LLC raised its position in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock worth $44,000 after acquiring an additional 63 shares during the last quarter. J.Safra Asset Management Corp raised its position in shares of 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 acquiring an additional 76 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker's stock worth $64,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Stock Up 1.4 %

HUBS stock traded up $9.68 during midday trading on Thursday, hitting $704.16. The company's stock had a trading volume of 28,724 shares, compared to its average volume of 590,663. The stock's 50-day moving average price is $565.99 and its 200 day moving average price is $549.90. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $724.61.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. The business 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%. HubSpot's revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share. Analysts expect that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Activity at HubSpot

In other HubSpot news, 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 value 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 0.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 1,136 shares of the firm's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. This trade represents a 2.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,391 shares of company stock valued at $29,101,488. Corporate insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HUBS. JPMorgan Chase & Co. raised their price target on shares of HubSpot from $560.00 to $635.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Canaccord Genuity Group boosted their target price on shares of HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Barclays upped their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their price objective on HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Citigroup cut their target price on HubSpot from $699.00 to $629.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $672.68.

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.