Brown Capital Management LLC Has $2.33 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Brown Capital Management LLC reduced its position in HubSpot, Inc. (NYSE:HUBS) by 54.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,376 shares of the software maker’s stock after selling 5,222 shares during the quarter. Brown Capital Management LLC’s holdings in HubSpot were worth $2,326,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of HUBS. International Assets Investment Management LLC bought a new stake in HubSpot during the second quarter valued at $35,000. HM Payson & Co. raised its position in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares in the last quarter. Crewe Advisors LLC lifted its stake in shares of HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the period. J.Safra Asset Management Corp boosted its position in shares of HubSpot by 690.9% during the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after purchasing an additional 32 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Raymond James lowered their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada lifted their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. Finally, Bank of America cut their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $672.68.

HubSpot Stock Performance

Shares of HUBS opened at $695.00 on Thursday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $724.61. The company has a 50-day simple moving average of $565.99 and a two-hundred day simple moving average of $549.90.

HubSpot (NYSE:HUBS) last released its 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. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same period last year, the business earned ($0.04) earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. As a group, equities research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Activity at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the transaction, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the business’s 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 owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,391 shares of company stock valued at $29,101,488. 4.50% of the stock is owned by corporate 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.