Eagle Asset Management Inc. Acquires 14,984 Shares of HubSpot, Inc. (NYSE:HUBS)

Eagle Asset Management Inc. increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 161,840 shares of the software maker’s stock after buying an additional 14,984 shares during the quarter. Eagle Asset Management Inc. owned 0.31% of HubSpot worth $86,034,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HUBS. O Shaughnessy Asset Management LLC increased its holdings in HubSpot by 25.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,170 shares of the software maker’s stock worth $733,000 after purchasing an additional 234 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in HubSpot by 75.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 700 shares of the software maker’s stock worth $439,000 after purchasing an additional 300 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in HubSpot by 38.2% in the 1st quarter. Advisors Asset Management Inc. now owns 1,306 shares of the software maker’s stock worth $818,000 after purchasing an additional 361 shares in the last quarter. Quadrature Capital Ltd increased its holdings in HubSpot by 58.7% in the 1st quarter. Quadrature Capital Ltd now owns 1,751 shares of the software maker’s stock worth $1,097,000 after purchasing an additional 648 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of HubSpot in the first quarter valued at about $208,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler cut 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. Stifel Nicolaus increased their price target on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Citigroup decreased their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Raymond James decreased their price target on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group increased their price target on HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $672.68.

Insiders Place Their Bets

In other news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now directly owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock valued at $29,101,488 over the last ninety days. 4.50% of the stock is currently owned by insiders.

HubSpot Trading Up 3.4 %

Shares of HUBS opened at $718.24 on Friday. The company has a market capitalization of $37.08 billion, a price-to-earnings ratio of -2,660.15, a PEG ratio of 82.97 and a beta of 1.63. The stock has a 50 day moving average of $570.51 and a 200 day moving average of $551.07. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $728.90.

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

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.