Fox Run Management L.L.C. Takes $561,000 Position in HubSpot, Inc. (NYSE:HUBS)

Fox Run Management L.L.C. bought a new stake in HubSpot, Inc. (NYSE:HUBSFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,140 shares of the software maker’s stock, valued at approximately $561,000.

A number of other hedge funds have also made changes to their positions in the business. Cookson Peirce & Co. Inc. raised its stake in shares of HubSpot by 29.3% in the 3rd quarter. Cookson Peirce & Co. Inc. now owns 44,582 shares of the software maker’s stock valued at $21,957,000 after acquiring an additional 10,112 shares during the period. Arizona State Retirement System increased its stake in HubSpot by 0.5% during the 3rd quarter. Arizona State Retirement System now owns 12,865 shares of the software maker’s stock worth $6,336,000 after buying an additional 59 shares during the period. abrdn plc increased its stake in HubSpot by 3.5% during the 3rd quarter. abrdn plc now owns 20,384 shares of the software maker’s stock worth $10,039,000 after buying an additional 694 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in HubSpot by 12.3% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,221 shares of the software maker’s stock worth $9,959,000 after buying an additional 2,217 shares during the period. Finally, Sigma Planning Corp increased its stake in HubSpot by 1.9% during the 3rd quarter. Sigma Planning Corp now owns 2,418 shares of the software maker’s stock worth $1,191,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Insiders Place Their Bets

In other HubSpot news, Director Lorrie M. Norrington sold 350 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $500.00, for a total transaction of $175,000.00. Following the sale, the director now directly owns 1,857 shares in the company, valued at approximately $928,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total transaction of $4,724,640.00. Following the completion of the sale, the insider now directly owns 536,811 shares of the company’s stock, valued at $298,381,026.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lorrie M. Norrington sold 350 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $500.00, for a total transaction of $175,000.00. Following the sale, the director now directly owns 1,857 shares of the company’s stock, valued at $928,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,067 shares of company stock worth $21,813,185. 4.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HUBS has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of HubSpot from $610.00 to $630.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Raymond James decreased their price objective on shares of HubSpot from $520.00 to $510.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. Morgan Stanley decreased their price objective on shares of HubSpot from $568.00 to $539.00 and set an “overweight” rating for the company in a report on Thursday, November 9th. Stifel Nicolaus raised their price objective on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, StockNews.com started coverage on shares of HubSpot in a report on Thursday, October 5th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $590.77.

Read Our Latest Research Report on HUBS

HubSpot Stock Up 2.3 %

HUBS stock opened at $623.96 on Wednesday. HubSpot, Inc. has a 52 week low of $334.78 and a 52 week high of $635.74. The company has a market capitalization of $31.40 billion, a price-to-earnings ratio of -173.32 and a beta of 1.66. The firm’s 50-day moving average is $547.50 and its two-hundred day moving average is $511.26. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.38.

HubSpot (NYSE:HUBSGet Free Report) last released its quarterly earnings results on Wednesday, November 8th. The software maker reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.38. HubSpot had a negative net margin of 8.67% and a negative return on equity of 7.34%. The company had revenue of $557.56 million for the quarter, compared to the consensus estimate of $533.70 million. On average, analysts forecast that HubSpot, Inc. will post -1.07 earnings per share for the current fiscal year.

HubSpot Company Profile

(Free Report)

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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