HubSpot, Inc. (NYSE:HUBS) Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 127.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,496 shares of the software maker’s stock after purchasing an additional 2,520 shares during the quarter. M&T Bank Corp’s holdings in HubSpot were worth $2,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HUBS. Sequoia Financial Advisors LLC raised its holdings in shares of HubSpot by 11.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 590 shares of the software maker’s stock worth $348,000 after acquiring an additional 59 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in HubSpot by 14.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,124 shares of the software maker’s stock worth $1,253,000 after purchasing an additional 265 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in HubSpot by 12.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,548 shares of the software maker’s stock valued at $913,000 after purchasing an additional 173 shares during the last quarter. Swedbank AB grew its stake in shares of HubSpot by 2.5% in the 2nd quarter. Swedbank AB now owns 25,920 shares of the software maker’s stock valued at $15,287,000 after buying an additional 632 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of HubSpot by 21.0% during the 2nd quarter. Blue Trust Inc. now owns 456 shares of the software maker’s stock worth $286,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction dated Thursday, October 10th. The shares were 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 owns 41,259 shares in the company, valued at approximately $22,692,450. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 1,507 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the transaction, the chief executive officer now directly owns 62,668 shares in the company, valued at approximately $32,953,341.12. This represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,390 shares of company stock worth $29,126,596. Insiders own 4.50% of the company’s stock.

HubSpot Trading Down 1.7 %

Shares of NYSE:HUBS opened at $722.06 on Friday. The firm has a 50 day simple moving average of $637.78 and a 200-day simple moving average of $565.21. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47. The company has a market capitalization of $37.27 billion, a PE ratio of -2,674.20, a P/E/G ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million during 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 business’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. As a group, equities research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of recent analyst reports. Evercore ISI upped their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $750.00 target price (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Finally, UBS Group raised their price target on HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $689.95.

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.