Wasatch Advisors LP Grows Holdings in HubSpot, Inc. (NYSE:HUBS)

Wasatch Advisors LP lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 32.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,141 shares of the software maker's stock after buying an additional 1,518 shares during the quarter. Wasatch Advisors LP's holdings in HubSpot were worth $3,265,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in HubSpot in the second quarter valued at approximately $35,000. HM Payson & Co. increased its holdings 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 acquiring an additional 18 shares during the period. Crewe Advisors LLC raised its position in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock valued at $44,000 after purchasing an additional 63 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in HubSpot by 690.9% during the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock worth $51,000 after purchasing an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in HubSpot by 41.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker's stock worth $64,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Raymond James reduced their target price on shares of HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Oppenheimer boosted their price target on HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Canaccord Genuity Group increased their price objective on HubSpot from $600.00 to $710.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Piper Sandler cut HubSpot from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, Wells Fargo & Company increased their price target on HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $672.68.

HubSpot Trading Down 0.2 %

Shares of HUBS stock traded down $1.71 during trading hours on Friday, hitting $721.05. The company's stock had a trading volume of 174,747 shares, compared to its average volume of 614,753. The business has a fifty day moving average of $597.13 and a 200-day moving average of $555.74. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $754.56. The stock has a market cap of $37.22 billion, a price-to-earnings ratio of -2,670.46, a P/E/G ratio of 87.65 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share 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 the consensus estimate 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 quarter last year, the business posted ($0.04) earnings per share. On average, equities analysts expect that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the 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 transaction, the chief financial officer now owns 41,259 shares of the company's stock, valued at $28,881,300. This represents a 9.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the sale, the chief technology officer now directly owns 1,323,145 shares of the company's stock, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,391 shares of company stock worth $29,101,488. Corporate insiders own 4.50% of the company's stock.

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.