Gilbert & Cook Inc. Lowers Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Gilbert & Cook Inc. reduced its position in HubSpot, Inc. (NYSE:HUBS) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,764 shares of the software maker’s stock after selling 40 shares during the period. Gilbert & Cook Inc.’s holdings in HubSpot were worth $938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE grew its stake in shares of HubSpot by 5.0% during the 1st quarter. US Bancorp DE now owns 2,030 shares of the software maker’s stock valued at $1,272,000 after buying an additional 97 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of HubSpot by 6.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 4,827 shares of the software maker’s stock valued at $3,025,000 after buying an additional 297 shares during the period. Blair William & Co. IL grew its stake in shares of HubSpot by 11.8% during the 1st quarter. Blair William & Co. IL now owns 1,427 shares of the software maker’s stock valued at $894,000 after buying an additional 151 shares during the period. Nicolet Advisory Services LLC purchased a new stake in shares of HubSpot during the 1st quarter valued at $285,000. Finally, Vanguard Group Inc. grew its stake in shares of HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after buying an additional 39,098 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $792,440.88. Following the sale, the chief executive officer now owns 62,668 shares in the company, valued at $32,953,341.12. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,891 shares of company stock worth $6,662,473 over the last quarter. 4.50% of the stock is owned by company insiders.

HubSpot Stock Performance

Shares of HubSpot stock opened at $677.07 on Friday. The firm’s 50-day simple moving average is $554.78 and its 200-day simple moving average is $548.16. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $724.61.

HubSpot (NYSE:HUBS) last released its quarterly earnings data 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 firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. As a group, equities research analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on HUBS shares. Canaccord Genuity Group boosted their price objective on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. UBS Group upped their price target on shares of HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays upped their price target on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research report on Thursday, August 8th. Five research 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, the stock currently 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.