abrdn plc Increases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

abrdn plc lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 45.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,689 shares of the software maker’s stock after acquiring an additional 9,305 shares during the period. abrdn plc owned 0.06% of HubSpot worth $17,236,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Rakuten Securities Inc. acquired a new stake in HubSpot during the fourth quarter worth about $29,000. Venturi Wealth Management LLC raised its holdings in HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares during the period. Alta Advisers Ltd acquired a new position in HubSpot during the third quarter valued at approximately $49,000. Hazlett Burt & Watson Inc. grew its stake in HubSpot by 29.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after buying an additional 21 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of HubSpot by 50.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 116 shares of the software maker’s stock worth $57,000 after acquiring an additional 39 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stifel Nicolaus boosted their price objective on HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. KeyCorp started coverage on HubSpot in a report on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. TheStreet upgraded HubSpot from a “d+” rating to a “c-” rating in a research note on Thursday, January 4th. Finally, Truist Financial boosted their price target on HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.36.

HubSpot Stock Down 0.1 %

Shares of NYSE:HUBS opened at $651.44 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $626.83 and its 200 day moving average price is $557.12. HubSpot, Inc. has a fifty-two week low of $399.48 and a fifty-two week high of $693.85.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. The firm had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. On average, research analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 8,817 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the completion of the transaction, the chief executive officer now directly owns 88,977 shares of the company’s stock, valued at approximately $55,165,740. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the transaction, the chief executive officer now owns 88,977 shares of the company’s stock, valued at approximately $55,165,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,362 shares of company stock worth $14,012,491. 4.90% of the stock is owned by corporate insiders.

HubSpot Company 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.