Envestnet Portfolio Solutions Inc. Has $913,000 Position in HubSpot, Inc. (NYSE:HUBS)

Envestnet Portfolio Solutions Inc. raised its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 12.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,548 shares of the software maker’s stock after buying an additional 173 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in HubSpot were worth $913,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HUBS. International Assets Investment Management LLC bought a new position in shares of HubSpot during the 4th quarter valued at $45,835,000. Cerity Partners LLC raised its holdings in shares of HubSpot by 26.8% during the 4th quarter. Cerity Partners LLC now owns 2,598 shares of the software maker’s stock valued at $1,508,000 after purchasing an additional 549 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of HubSpot by 7.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,776 shares of the software maker’s stock valued at $2,192,000 after purchasing an additional 256 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in shares of HubSpot by 0.7% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 2,879 shares of the software maker’s stock valued at $1,671,000 after purchasing an additional 20 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS bought a new position in shares of HubSpot during the 4th quarter valued at $348,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent research reports. Evercore ISI cut their price target on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a report on Thursday, August 8th. Oppenheimer dropped their target price on shares of HubSpot from $725.00 to $625.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Citigroup dropped their target price on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wells Fargo & Company dropped their target price on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $570.00 target price on shares of HubSpot in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $610.79.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 2,190 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $625.00, for a total value of $1,368,750.00. Following the transaction, the chief financial officer now directly owns 45,737 shares in the company, valued at $28,585,625. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other HubSpot news, CFO Kathryn Bueker sold 2,190 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $625.00, for a total value of $1,368,750.00. Following the transaction, the chief financial officer now directly owns 45,737 shares in the company, valued at $28,585,625. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dawson Alyssa Harvey sold 192 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the transaction, the insider now owns 10,860 shares in the company, valued at $7,059,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,938 shares of company stock worth $24,451,825. Corporate insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of HubSpot stock opened at $497.87 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The firm’s 50-day simple moving average is $524.48 and its 200-day simple moving average is $585.95. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The firm has a market cap of $25.37 billion, a P/E ratio of -187.88 and a beta of 1.60.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period in the previous year, the business earned ($1.17) EPS. The firm’s revenue was up 20.4% on a year-over-year basis. As a group, research analysts expect that HubSpot, Inc. will post -0.44 EPS for the current fiscal year.

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.