Thrivent Financial for Lutherans Buys 3,270 Shares of HubSpot, Inc. (NYSE:HUBS)

Thrivent Financial for Lutherans grew its position in HubSpot, Inc. (NYSE:HUBS) by 10.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,559 shares of the software maker’s stock after purchasing an additional 3,270 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of HubSpot worth $17,840,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its stake in HubSpot by 25.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,170 shares of the software maker’s stock valued at $733,000 after purchasing an additional 234 shares during the last quarter. UniSuper Management Pty Ltd grew its position in HubSpot by 75.0% during the first quarter. UniSuper Management Pty Ltd now owns 700 shares of the software maker’s stock worth $439,000 after buying an additional 300 shares in the last quarter. Advisors Asset Management Inc. increased its stake in HubSpot by 38.2% during the first quarter. Advisors Asset Management Inc. now owns 1,306 shares of the software maker’s stock valued at $818,000 after acquiring an additional 361 shares during the period. Capital Research Global Investors raised its holdings in HubSpot by 0.9% in the 1st quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock valued at $283,337,000 after acquiring an additional 4,242 shares in the last quarter. Finally, Cloverfields Capital Group LP lifted its position in shares of HubSpot by 6.3% in the 1st quarter. Cloverfields Capital Group LP now owns 3,620 shares of the software maker’s stock worth $2,268,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Oppenheimer boosted their price target on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Citigroup decreased their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Evercore ISI lifted their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a research report on Thursday, August 8th. Finally, BMO Capital Markets upped their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $672.68.

HubSpot Stock Up 1.8 %

Shares of HUBS stock opened at $695.00 on Thursday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $724.61. The firm has a fifty day moving average of $565.99 and a 200-day moving average of $549.90. The company has a market capitalization of $35.88 billion, a price-to-earnings ratio of -2,573.98, a P/E/G ratio of 82.30 and a beta of 1.63.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. On average, equities analysts expect that HubSpot, Inc. will post 0.4 EPS for the current year.

Insiders Place Their Bets

In related news, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the sale, the insider now owns 7,603 shares in the company, valued at approximately $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,391 shares of company stock valued at $29,101,488 in the last quarter. 4.50% of the stock is currently owned by insiders.

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.