Aviso Wealth Management Has $936,000 Stake in HubSpot, Inc. (NYSE:HUBS)

Aviso Wealth Management boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 26.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,762 shares of the software maker’s stock after buying an additional 367 shares during the period. Aviso Wealth Management’s holdings in HubSpot were worth $936,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HUBS. Price T Rowe Associates Inc. MD increased its stake in HubSpot by 10.0% in the first 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 purchasing an additional 176,336 shares in the last quarter. Fred Alger Management LLC increased its position in shares of HubSpot by 516.2% during the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after acquiring an additional 136,793 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of HubSpot by 214,342.4% during the third 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 in the last quarter. Marshall Wace LLP increased its position in shares of HubSpot by 88.7% during the second 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 in the last quarter. Finally, Dorsal Capital Management LP bought a new stake in shares of HubSpot during the second quarter worth $44,234,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Trading Down 2.8 %

Shares of NYSE:HUBS opened at $677.07 on Monday. The firm has a 50 day moving average of $554.78 and a 200-day moving average of $547.76. The stock has a market capitalization of $34.95 billion, a PE ratio of -2,507.67, a PEG ratio of 82.30 and a beta of 1.63. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $724.61.

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

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the sale, the insider now owns 7,603 shares of the company’s stock, valued at $5,322,100. This trade represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,891 shares of company stock worth $6,662,473 in the last three months. 4.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HUBS. Raymond James decreased their target price on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group increased their price target on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Bank of America cut their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and increased their price target for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

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.