Zacks Investment Management Buys 51 Shares of HubSpot, Inc. (NYSE:HUBS)

Zacks Investment Management lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,470 shares of the software maker’s stock after acquiring an additional 51 shares during the quarter. Zacks Investment Management’s holdings in HubSpot were worth $781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. National Bank of Canada FI boosted its stake in shares of HubSpot by 135.6% during the 3rd quarter. National Bank of Canada FI now owns 563 shares of the software maker’s stock worth $299,000 after acquiring an additional 324 shares during the period. EP Wealth Advisors LLC bought a new position in shares of HubSpot during the 3rd quarter worth approximately $384,000. Wellington Management Group LLP boosted its stake in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after acquiring an additional 480,796 shares during the period. Two Sigma Advisers LP boosted its stake in shares of HubSpot by 191.6% during the 3rd quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock worth $38,754,000 after acquiring an additional 47,900 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of HubSpot by 31.1% during the 3rd quarter. Stifel Financial Corp now owns 45,438 shares of the software maker’s stock worth $24,155,000 after acquiring an additional 10,770 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 1,507 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the sale, the chief executive officer now owns 62,668 shares in the company, valued at approximately $32,953,341.12. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,390 shares of company stock worth $29,126,596. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on HUBS shares. JPMorgan Chase & Co. lifted their target price on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer lifted their price target on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays lifted their price target on HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. UBS Group lifted their price target on HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $684.27.

HubSpot Stock Down 2.3 %

Shares of HUBS stock opened at $720.62 on Wednesday. The firm has a market capitalization of $37.20 billion, a P/E ratio of -2,668.86, a P/E/G ratio of 90.16 and a beta of 1.70. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47. The stock’s fifty day simple moving average is $621.58 and its 200 day simple moving average is $561.04.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The business 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%. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS. As a group, equities research analysts expect that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

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.