Wasatch Advisors Inc. decreased its holdings in HubSpot, Inc. (NYSE:HUBS) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,110,488 shares of the software maker’s stock after selling 20,600 shares during the quarter. HubSpot makes up 2.1% of Wasatch Advisors Inc.’s portfolio, making the stock its 7th biggest position. Wasatch Advisors Inc. owned 2.42% of HubSpot worth $324,518,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC raised its stake in HubSpot by 61.3% during the third quarter. Harbor Investment Advisory LLC now owns 100 shares of the software maker’s stock valued at $29,000 after buying an additional 38 shares in the last quarter. Adirondack Trust Co. raised its stake in HubSpot by 58.8% during the second quarter. Adirondack Trust Co. now owns 135 shares of the software maker’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in HubSpot during the third quarter valued at approximately $39,000. Ellevest Inc. raised its stake in HubSpot by 393.0% during the third quarter. Ellevest Inc. now owns 212 shares of the software maker’s stock valued at $62,000 after buying an additional 169 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in HubSpot by 33.3% during the third quarter. Arkadios Wealth Advisors now owns 200 shares of the software maker’s stock valued at $62,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 92.05% of the company’s stock.
A number of analysts have recently weighed in on the company. Mizuho increased their price target on HubSpot from $220.00 to $330.00 in a research report on Friday, November 6th. UBS Group increased their price target on HubSpot from $295.00 to $352.00 and gave the stock a “neutral” rating in a research report on Friday, November 6th. Argus assumed coverage on HubSpot in a research report on Monday, October 19th. They set a “buy” rating and a $350.00 price target on the stock. Truist increased their price target on HubSpot from $295.00 to $455.00 in a research report on Monday, November 9th. Finally, Wells Fargo & Company increased their price target on HubSpot from $245.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 23rd. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $311.50.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Thursday, November 5th. The software maker reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.15. The firm had revenue of $228.39 million during the quarter, compared to analyst estimates of $210.86 million. HubSpot had a negative return on equity of 3.90% and a negative net margin of 9.50%. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. As a group, equities research analysts forecast that HubSpot, Inc. will post -1.53 EPS for the current fiscal year.
In other news, insider Yamini Rangan sold 4,273 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $279.50, for a total transaction of $1,194,303.50. Following the completion of the sale, the insider now directly owns 62,124 shares of the company’s stock, valued at approximately $17,363,658. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, November 17th. The stock was sold at an average price of $342.39, for a total value of $2,910,315.00. Following the sale, the chief executive officer now directly owns 661,073 shares of the company’s stock, valued at $226,344,784.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,676 shares of company stock valued at $10,577,099. 8.30% of the stock is currently owned by corporate insiders.
HubSpot, Inc provides a cloud-based marketing, sales, and customer service software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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