Fisher Asset Management LLC Has $29.68 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Fisher Asset Management LLC boosted its position in HubSpot, Inc. (NYSE:HUBS) by 0.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 55,825 shares of the software maker’s stock after acquiring an additional 281 shares during the quarter. Fisher Asset Management LLC’s holdings in HubSpot were worth $29,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in HubSpot during the second quarter valued at about $35,000. HM Payson & Co. increased its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Crewe Advisors LLC lifted its position in shares of HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in 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 during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in HubSpot by 41.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after buying an additional 32 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HUBS. Truist Financial reiterated a “buy” rating and set a $750.00 price target (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Raymond James reduced their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Bank of America cut their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company lifted their target price on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research 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, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction 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 represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,136 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $21,695,632.56. The trade was a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,391 shares of company stock worth $29,101,488 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of HUBS opened at $729.83 on Wednesday. The company has a market capitalization of $37.68 billion, a P/E ratio of -2,703.07, a PEG ratio of 90.27 and a beta of 1.63. HubSpot, Inc. has a one year low of $434.84 and a one year high of $754.56. The business’s 50 day simple moving average is $585.02 and its 200-day simple moving average is $553.17.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. On average, sell-side analysts anticipate 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.