Ballentine Partners LLC Acquires 42 Shares of HubSpot, Inc. (NYSE:HUBS)

Ballentine Partners LLC raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 8.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 539 shares of the software maker’s stock after purchasing an additional 42 shares during the quarter. Ballentine Partners LLC’s holdings in HubSpot were worth $287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of HubSpot by 0.8% in 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 in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of HubSpot by 10.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Jennison Associates LLC increased its position in shares of HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after buying an additional 604,554 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of HubSpot by 0.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock valued at $285,804,000 after buying an additional 3,775 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of HubSpot by 0.9% in the 1st quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock valued at $283,337,000 after buying an additional 4,242 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction 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 $22,692,450. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,321 shares of company stock valued at $3,374,089 over the last three months. 4.50% of the stock is owned by insiders.

HubSpot Stock Down 1.5 %

HubSpot stock opened at $557.37 on Tuesday. HubSpot, Inc. has a twelve month low of $408.62 and a twelve month high of $693.85. The company’s 50-day moving average price is $519.22 and its two-hundred day moving average price is $548.87. The stock has a market cap of $28.40 billion, a P/E ratio of -210.33, a P/E/G ratio of 7,068.33 and a beta of 1.64.

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

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of recent analyst reports. Citigroup lowered their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research report on Monday, October 14th. Truist Financial restated a “buy” rating and issued a $600.00 price objective (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and set a $625.00 target price on shares of HubSpot in a report on Thursday, September 19th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $570.00 target price on shares of HubSpot in a report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $614.33.

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.