UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 40,138 Shares of HubSpot, Inc. (NYSE:HUBS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 527,061 shares of the software maker's stock after purchasing an additional 40,138 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.02% of HubSpot worth $280,186,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. HM Payson & Co. grew its stake in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after acquiring an additional 18 shares in the last quarter. Hazlett Burt & Watson Inc. grew 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 valued at $91,000 after acquiring an additional 25 shares in the last quarter. V Square Quantitative Management LLC grew its stake in HubSpot by 3.0% during the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker's stock valued at $494,000 after acquiring an additional 27 shares in the last quarter. Crewe Advisors LLC grew its stake in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after acquiring an additional 28 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in HubSpot by 2.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker's stock valued at $698,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Stock Performance

NYSE:HUBS traded down $1.71 during midday trading on Friday, reaching $721.05. 174,747 shares of the stock traded hands, compared to its average volume of 591,014. The company has a fifty day moving average of $597.13 and a 200 day moving average of $556.38. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $754.56. The stock has a market capitalization of $37.22 billion, a P/E ratio of -2,670.56, a PEG ratio of 87.86 and a beta of 1.63.

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

Insider Activity at HubSpot

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 0.17 % 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 4,381 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares of the company's stock, valued at $28,881,300. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock worth $29,101,488 in the last three months. 4.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HUBS has been the subject of several recent analyst reports. Piper Sandler cut shares of HubSpot from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Citigroup cut their price target on shares of HubSpot from $699.00 to $629.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Wells Fargo & Company boosted their price target on shares of HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. UBS Group boosted their price target on shares of HubSpot from $550.00 to $650.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Raymond James cut their price target on shares of HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $672.68.

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.