Motley Fool Asset Management LLC Acquires 26 Shares of HubSpot, Inc. (NYSE:HUBS)

Motley Fool Asset Management LLC raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 2.6% in the third quarter, HoldingsChannel reports. The firm owned 1,028 shares of the software maker’s stock after buying an additional 26 shares during the quarter. Motley Fool Asset Management LLC’s holdings in HubSpot were worth $541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HUBS. Fred Alger Management LLC raised its position in HubSpot by 516.2% during the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock valued at $96,307,000 after purchasing an additional 136,793 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of HubSpot by 214,342.4% during the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after acquiring an additional 126,462 shares during the period. Marshall Wace LLP grew its holdings in shares of HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after acquiring an additional 113,555 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after acquiring an additional 86,688 shares during the period. Finally, Dorsal Capital Management LP purchased a new position in shares of HubSpot during the 2nd quarter worth approximately $44,234,000. Institutional investors own 90.39% of the company’s stock.

Insider Activity

In related news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,390 shares of company stock valued at $29,126,596 in the last ninety days. 4.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Truist Financial reiterated a “buy” rating and set a $750.00 target price (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Wells Fargo & Company upped their target price on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their target price on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

HubSpot Price Performance

NYSE HUBS opened at $756.48 on Thursday. The business’s fifty day moving average price is $609.30 and its 200-day moving average price is $558.67. The stock has a market capitalization of $39.05 billion, a price-to-earnings ratio of -2,801.78, a PEG ratio of 87.96 and a beta of 1.70. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. Equities research analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

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.