Kestra Investment Management LLC Acquires Shares of 433 HubSpot, Inc. (NYSE:HUBS)

Kestra Investment Management LLC bought a new position in HubSpot, Inc. (NYSE:HUBS) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 433 shares of the software maker’s stock, valued at approximately $230,000.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in shares of HubSpot by 106.2% during the 1st quarter. Cetera Investment Advisers now owns 3,994 shares of the software maker’s stock worth $2,502,000 after acquiring an additional 2,057 shares in the last quarter. Cetera Advisors LLC raised its stake in HubSpot by 171.7% during the first quarter. Cetera Advisors LLC now owns 989 shares of the software maker’s stock valued at $620,000 after purchasing an additional 625 shares in the last quarter. Mather Group LLC. lifted its position in HubSpot by 19.1% during the second quarter. Mather Group LLC. now owns 256 shares of the software maker’s stock valued at $161,000 after purchasing an additional 41 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of HubSpot by 17.2% in the 2nd quarter. Fulton Bank N.A. now owns 990 shares of the software maker’s stock worth $584,000 after buying an additional 145 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of HubSpot by 10.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,479 shares of the software maker’s stock worth $1,462,000 after buying an additional 225 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction 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. The trade was a 7.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,391 shares of company stock worth $29,101,488 over the last 90 days. Company insiders own 4.50% of the company’s stock.

HubSpot Price Performance

HUBS stock opened at $723.53 on Tuesday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $754.56. The business has a 50-day moving average price of $601.05 and a 200 day moving average price of $556.54. The company has a market capitalization of $37.35 billion, a P/E ratio of -2,679.64, a PEG ratio of 87.65 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted its quarterly 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. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on HUBS shares. UBS Group increased their price target on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Bank of America dropped their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Raymond James decreased their price target on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Oppenheimer raised their price target on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Barclays boosted their price objective on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has an average 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.