Brooklyn Investment Group Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Brooklyn Investment Group acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 154 shares of the software maker’s stock, valued at approximately $82,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HUBS. Janus Henderson Group PLC boosted its holdings in HubSpot by 2.9% during the first quarter. Janus Henderson Group PLC now owns 24,521 shares of the software maker’s stock worth $15,364,000 after purchasing an additional 689 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in HubSpot by 2.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock valued at $698,000 after purchasing an additional 30 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of HubSpot by 36.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,092 shares of the software maker’s stock worth $684,000 after purchasing an additional 294 shares during the last quarter. Comerica Bank raised its stake in shares of HubSpot by 4.0% during the 1st quarter. Comerica Bank now owns 15,806 shares of the software maker’s stock worth $9,903,000 after purchasing an additional 608 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of HubSpot in the 1st quarter valued at approximately $15,844,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $21,695,632.56. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock worth $29,101,488 over the last ninety days. Insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

HUBS stock opened at $722.76 on Friday. The company has a market capitalization of $37.31 billion, a P/E ratio of -2,676.79, a PEG ratio of 88.96 and a beta of 1.63. The company has a fifty day moving average price of $593.23 and a 200-day moving average price of $555.52. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $754.56.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS 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 the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. As a group, sell-side analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HUBS. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Stifel Nicolaus upped their target price on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets lifted their price target on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Truist Financial restated a “buy” rating and issued a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

About HubSpot

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.