Table of Contents
Creative Planning decreased its stake in HubSpot, Inc. (NYSE:HUBS – Get Rating) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,324 shares of the software maker’s stock after selling 319 shares during the quarter. Creative Planning’s holdings in HubSpot were worth $2,248,000 at the end of the most recent quarter.
→ Know Your Profit Potential BEFORE You Trade! (From Tradewins)
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in HubSpot by 2.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,269,200 shares of the software maker’s stock worth $1,584,185,000 after buying an additional 102,016 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of HubSpot by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,130,734 shares of the software maker’s stock valued at $1,961,849,000 after purchasing an additional 46,384 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of HubSpot by 17.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,324,312 shares of the software maker’s stock valued at $398,154,000 after purchasing an additional 195,888 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of HubSpot by 21.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 793,615 shares of the software maker’s stock valued at $238,600,000 after purchasing an additional 139,047 shares in the last quarter. Finally, Durable Capital Partners LP bought a new position in shares of HubSpot during the 1st quarter valued at $283,913,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.
Insider Activity
In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the sale, the insider now directly owns 639,780 shares in the company, valued at approximately $194,096,456.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CTO Dharmesh Shah sold 6,528 shares of HubSpot stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $350.50, for a total transaction of $2,288,064.00. Following the completion of the transaction, the chief technology officer now directly owns 1,472,888 shares of the company’s stock, valued at approximately $516,247,244. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the transaction, the insider now directly owns 639,780 shares of the company’s stock, valued at $194,096,456.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,028 shares of company stock worth $18,476,554. Corporate insiders own 5.60% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. Oppenheimer downgraded shares of HubSpot from an “outperform” rating to a “market perform” rating and set a $375.00 price target on the stock. in a report on Thursday, November 3rd. Mizuho cut their price target on shares of HubSpot from $390.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, December 8th. Macquarie assumed coverage on shares of HubSpot in a report on Wednesday, November 2nd. They set an “outperform” rating and a $355.00 price target on the stock. Piper Sandler dropped their target price on shares of HubSpot from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, January 9th. Finally, BMO Capital Markets dropped their target price on shares of HubSpot from $410.00 to $335.00 and set an “outperform” rating on the stock in a report on Monday, October 31st. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $390.55.
HubSpot Price Performance
Shares of HubSpot stock opened at $357.87 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.34 and a current ratio of 2.34. The firm’s 50-day simple moving average is $297.15 and its 200-day simple moving average is $301.43. HubSpot, Inc. has a twelve month low of $245.03 and a twelve month high of $596.17. The firm has a market cap of $17.38 billion, a P/E ratio of -150.37 and a beta of 1.56.
HubSpot (NYSE:HUBS – Get Rating) last issued its earnings results on Wednesday, November 2nd. The software maker reported ($0.75) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.09). HubSpot had a negative net margin of 6.96% and a negative return on equity of 11.72%. The business had revenue of $443.96 million for the quarter, compared to analyst estimates of $425.43 million. As a group, research analysts expect that HubSpot, Inc. will post -1.86 EPS for the current fiscal year.
HubSpot Profile
HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005, and is headquartered in Cambridge, MA.
Read More
Want to see what other hedge funds are holding HUBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HubSpot, Inc. (NYSE:HUBS – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider HubSpot, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and HubSpot wasn’t on the list.
While HubSpot currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here