Lindbrook Capital LLC Increases Holdings in HubSpot, Inc. (NYSE:HUBS)

Lindbrook Capital LLC grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 21.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 117 shares of the software maker’s stock after acquiring an additional 21 shares during the quarter. Lindbrook Capital LLC’s holdings in HubSpot were worth $68,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. abrdn plc raised its position in shares of HubSpot by 45.6% during the 4th quarter. abrdn plc now owns 29,689 shares of the software maker’s stock valued at $17,236,000 after buying an additional 9,305 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in HubSpot in the 4th quarter worth about $348,000. Knights of Columbus Asset Advisors LLC raised its position in HubSpot by 0.7% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 2,879 shares of the software maker’s stock worth $1,671,000 after purchasing an additional 20 shares during the period. Peterson Wealth Services purchased a new stake in HubSpot in the 4th quarter worth about $224,000. Finally, Daiwa Securities Group Inc. raised its position in HubSpot by 7.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,776 shares of the software maker’s stock worth $2,192,000 after purchasing an additional 256 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HUBS has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on shares of HubSpot in a research report on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price objective on the stock. The Goldman Sachs Group increased their price objective on shares of HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Wells Fargo & Company increased their price objective on shares of HubSpot from $700.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. UBS Group reissued a “neutral” rating and issued a $525.00 price objective on shares of HubSpot in a research report on Thursday, February 15th. Finally, Barclays raised their target price on shares of HubSpot from $475.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $642.36.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 969 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the sale, the insider now directly owns 7,225 shares in the company, valued at $4,407,250. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other HubSpot news, insider Dawson Alyssa Harvey sold 969 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the transaction, the insider now owns 7,225 shares of the company’s stock, valued at $4,407,250. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $634.21, for a total transaction of $73,568.36. Following the completion of the transaction, the chief executive officer now directly owns 88,861 shares of the company’s stock, valued at approximately $56,356,534.81. The disclosure for this sale can be found here. Insiders sold a total of 22,362 shares of company stock worth $14,012,491 over the last three months. Corporate insiders own 4.90% of the company’s stock.

HubSpot Price Performance

Shares of HUBS opened at $651.44 on Thursday. HubSpot, Inc. has a twelve month low of $399.48 and a twelve month high of $693.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The company has a 50 day moving average of $626.83 and a two-hundred day moving average of $557.12.

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 company had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. Equities analysts predict that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

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.