Circle Wealth Management LLC Has $1.44 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Circle Wealth Management LLC raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 98.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,700 shares of the software maker’s stock after purchasing an additional 1,339 shares during the quarter. Circle Wealth Management LLC’s holdings in HubSpot were worth $1,435,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Eventide Asset Management LLC raised its holdings in HubSpot by 1.3% during the 3rd quarter. Eventide Asset Management LLC now owns 118,554 shares of the software maker’s stock worth $63,023,000 after purchasing an additional 1,553 shares during the last quarter. Captrust Financial Advisors grew its holdings in HubSpot by 132.6% during the third quarter. Captrust Financial Advisors now owns 1,363 shares of the software maker’s stock valued at $725,000 after purchasing an additional 777 shares during the period. Alkeon Capital Management LLC acquired a new position in HubSpot during the third quarter valued at approximately $15,948,000. Vinva Investment Management Ltd grew its holdings in shares of HubSpot by 31.9% in the 3rd quarter. Vinva Investment Management Ltd now owns 3,501 shares of the software maker’s stock valued at $1,877,000 after buying an additional 846 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of HubSpot by 8.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after buying an additional 40,138 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of HUBS stock opened at $721.42 on Friday. The stock has a market capitalization of $37.24 billion, a PE ratio of -2,671.83, a PEG ratio of 87.86 and a beta of 1.63. HubSpot, Inc. has a one year low of $434.84 and a one year high of $754.56. The business’s 50 day simple moving average is $597.13 and its 200 day simple moving average is $556.38.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating 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 return on equity of 1.16% and a negative net margin of 0.56%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) earnings per share. As a group, research analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

HUBS has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Truist Financial restated a “buy” rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Barclays upped their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, UBS Group raised their price objective on shares of HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $672.68.

Insider Activity

In other news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock worth $29,101,488 over the last three months. 4.50% of the stock is currently owned by insiders.

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.