Spire Wealth Management Boosts Stake in HubSpot, Inc. (NYSE:HUBS)

Spire Wealth Management increased its position in HubSpot, Inc. (NYSE:HUBS) by 134.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,593 shares of the software maker’s stock after purchasing an additional 1,487 shares during the quarter. Spire Wealth Management’s holdings in HubSpot were worth $1,807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP boosted its position in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of HubSpot by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after purchasing an additional 19,974 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after acquiring an additional 86,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of HubSpot by 8.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after purchasing an additional 40,138 shares during the period. Finally, Holocene Advisors LP boosted its position in shares of HubSpot by 17.5% in the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after buying an additional 47,736 shares during the period. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HUBS opened at $765.39 on Tuesday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $811.79. The firm has a 50 day moving average price of $724.40 and a 200 day moving average price of $602.09. The company has a market cap of $39.51 billion, a PE ratio of -2,834.66, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million for 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%. HubSpot’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. On average, sell-side analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction 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 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. In the last quarter, insiders have sold 78,066 shares of company stock worth $54,900,427. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HUBS shares. The Goldman Sachs Group boosted their price target on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Oppenheimer lifted their price objective on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Evercore ISI raised their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Truist Financial reiterated a “buy” rating and issued a $750.00 price objective (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average target price of $731.83.

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.