Motley Fool Asset Management LLC Acquires 171 Shares of HubSpot, Inc. $HUBS

Motley Fool Asset Management LLC increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 12.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,600 shares of the software maker’s stock after acquiring an additional 171 shares during the quarter. Motley Fool Asset Management LLC’s holdings in HubSpot were worth $891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Whittier Trust Co. increased its stake in shares of HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Hilltop National Bank bought a new position in shares of HubSpot in the 2nd quarter worth about $32,000. Cullen Frost Bankers Inc. increased its stake in shares of HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock worth $34,000 after acquiring an additional 34 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of HubSpot in the 1st quarter worth about $35,000. Finally, GW&K Investment Management LLC increased its stake in shares of HubSpot by 203.8% in the 1st quarter. GW&K Investment Management LLC now owns 79 shares of the software maker’s stock worth $45,000 after acquiring an additional 53 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Down 0.5%

Shares of NYSE HUBS opened at $469.58 on Wednesday. The firm’s 50-day moving average price is $476.70 and its 200-day moving average price is $532.27. The company has a market cap of $24.74 billion, a PE ratio of -2,041.67, a PEG ratio of 16.31 and a beta of 1.58. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 EPS. As a group, equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

HUBS has been the subject of several research reports. Truist Financial decreased their price target on shares of HubSpot from $720.00 to $675.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Piper Sandler assumed coverage on shares of HubSpot in a research report on Thursday, September 4th. They set an “overweight” rating and a $675.00 price objective on the stock. KeyCorp cut their price objective on shares of HubSpot from $860.00 to $775.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Barclays cut their price objective on shares of HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Finally, Wall Street Zen downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $717.75.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 2,387 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the sale, the chief executive officer owned 56,277 shares of the company’s stock, valued at $28,138,500. This trade represents a 4.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Dharmesh Shah sold 4,747 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the completion of the transaction, the chief technology officer directly owned 1,271,058 shares in the company, valued at approximately $637,562,692.80. The trade was a 0.37% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 50,863 shares of company stock worth $24,641,332. 4.00% of the stock is owned by insiders.

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.