Stonegate Investment Group LLC Has $2.49 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Stonegate Investment Group LLC grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,685 shares of the software maker’s stock after acquiring an additional 110 shares during the quarter. Stonegate Investment Group LLC’s holdings in HubSpot were worth $2,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HUBS. V Square Quantitative Management LLC raised its position in shares of 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 buying an additional 27 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in HubSpot by 1.1% during the third quarter. Harbour Capital Advisors LLC now owns 8,397 shares of the software maker’s stock valued at $4,543,000 after acquiring an additional 88 shares during the period. Wolff Wiese Magana LLC raised its holdings in HubSpot by 19.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 395 shares of the software maker’s stock valued at $210,000 after acquiring an additional 64 shares in the last quarter. Cabot Wealth Management Inc. bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $1,721,000. Finally, Swedbank AB grew its holdings in shares of HubSpot by 1.7% during the 3rd quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock worth $14,014,000 after purchasing an additional 441 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Up 0.2 %

Shares of HUBS stock traded up $1.08 on Friday, reaching $534.46. The company had a trading volume of 21,777 shares, compared to its average volume of 598,688. The business’s 50-day moving average is $510.94 and its 200 day moving average is $555.54. The stock has a market capitalization of $27.24 billion, a PE ratio of -201.23, a price-to-earnings-growth ratio of 7,193.98 and a beta of 1.64. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. During the same period in the prior year, the company earned ($1.17) EPS. HubSpot’s revenue was up 20.4% compared to the same quarter last year.

Insider Activity

In related news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now directly owns 9,735 shares of the company’s stock, valued at $4,548,484.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,321 shares of company stock valued at $3,374,089. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a report on Thursday, August 8th. Piper Sandler reiterated an “overweight” rating and set a $570.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Oppenheimer reissued an “outperform” rating and issued a $625.00 price target on shares of HubSpot in a report on Thursday, September 19th. Stifel Nicolaus boosted their price objective on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Bank of America decreased their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $611.83.

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.