HubSpot, Inc. (NYSE:HUBS) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC boosted its position in HubSpot, Inc. (NYSE:HUBSFree Report) by 32.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,227 shares of the software maker’s stock after buying an additional 302 shares during the quarter. Private Advisor Group LLC’s holdings in HubSpot were worth $712,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HUBS. Vanguard Group Inc. grew its stake in HubSpot by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock worth $2,300,168,000 after buying an additional 41,689 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of HubSpot by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after acquiring an additional 166,381 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of HubSpot by 26.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after acquiring an additional 257,632 shares during the period. Jennison Associates LLC lifted its position in HubSpot by 22.8% in the 4th quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock valued at $564,840,000 after purchasing an additional 180,822 shares during the last quarter. Finally, Scge Management L.P. increased its stake in shares of HubSpot by 10.7% in the third quarter. Scge Management L.P. now owns 449,000 shares of the software maker’s stock valued at $221,132,000 after purchasing an additional 43,545 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HUBS shares. Scotiabank boosted their price target on HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a research report on Friday, April 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price target on shares of HubSpot in a research note on Thursday, May 9th. Citigroup decreased their target price on HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Stifel Nicolaus dropped their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, William Blair restated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $640.04.

Check Out Our Latest Stock Report on HubSpot

HubSpot Price Performance

NYSE HUBS opened at $615.34 on Friday. The stock’s 50-day moving average is $626.08 and its two-hundred day moving average is $576.82. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 1.96. The firm has a market cap of $31.36 billion, a P/E ratio of -232.20 and a beta of 1.57.

HubSpot (NYSE:HUBSGet Free Report) 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 during the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. On average, analysts anticipate that HubSpot, Inc. will post -0.56 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $634.21, for a total value of $73,568.36. Following the completion of the transaction, the chief executive officer now owns 88,861 shares in the company, valued at $56,356,534.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, 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 90 days, insiders have sold 20,307 shares of company stock worth $12,749,981. 4.90% of the stock is currently owned by company insiders.

About HubSpot

(Free Report)

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.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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