Azzad Asset Management Inc. ADV Purchases 415 Shares of HubSpot, Inc. (NYSE:HUBS)

Azzad Asset Management Inc. ADV lifted its position in HubSpot, Inc. (NYSE:HUBS) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,339 shares of the software maker’s stock after acquiring an additional 415 shares during the period. Azzad Asset Management Inc. ADV’s holdings in HubSpot were worth $2,307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Riverview Trust Co bought a new position in HubSpot in the first quarter worth $27,000. Geneos Wealth Management Inc. increased its stake in shares of HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after acquiring an additional 45 shares in the last quarter. International Assets Investment Management LLC purchased a new position in HubSpot during the 2nd quarter valued at about $35,000. Crewe Advisors LLC boosted its stake in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in HubSpot in the first quarter worth about $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HubSpot stock opened at $521.90 on Tuesday. The stock’s fifty day moving average is $498.80 and its 200 day moving average is $559.84. The stock has a market cap of $26.60 billion, a P/E ratio of -196.94, a P/E/G ratio of 7,010.23 and a beta of 1.64. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. During the same period in the prior year, the firm posted ($1.17) EPS. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $21,695,632.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the sale, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,643 shares of company stock worth $5,640,484. 4.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HUBS. Piper Sandler reaffirmed an “overweight” rating and set a $570.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Evercore ISI dropped their price target on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets restated an “outperform” rating and set a $570.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Finally, Raymond James decreased their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $610.79.

HubSpot 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.