HubSpot, Inc. (NYSE:HUBS) Position Increased by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC lifted its holdings in HubSpot, Inc. (NYSE:HUBS) by 19.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 395 shares of the software maker’s stock after buying an additional 64 shares during the quarter. Wolff Wiese Magana LLC’s holdings in HubSpot were worth $210,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Jennison Associates LLC raised its stake in HubSpot by 62.1% during the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after acquiring an additional 604,554 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of HubSpot by 10.0% during 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 during the last quarter. Fred Alger Management LLC raised its position in shares of HubSpot by 516.2% during the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after purchasing an additional 136,793 shares during the period. Marshall Wace LLP lifted its holdings in shares of HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after purchasing an additional 113,555 shares during the last quarter. Finally, Dorsal Capital Management LP bought a new stake in shares of HubSpot in the 2nd quarter worth approximately $44,234,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HUBS has been the topic of several analyst reports. Citigroup dropped their target price on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Oppenheimer reiterated an “outperform” rating and issued a $625.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Stifel Nicolaus upped their target price on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler restated an “overweight” rating and issued a $570.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $570.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $611.83.

HubSpot Stock Down 3.1 %

HUBS opened at $531.35 on Thursday. The firm has a market cap of $27.08 billion, a PE ratio of -200.51, a P/E/G ratio of 7,193.98 and a beta of 1.64. The business has a fifty day simple moving average of $509.80 and a 200-day simple moving average of $555.70. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. HubSpot’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the company posted ($1.17) EPS.

Insider Transactions at HubSpot

In related news, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was 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 in the company, valued at $33,009,441.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $22,692,450. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,321 shares of company stock valued at $3,374,089 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

HubSpot 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.