HighPoint Advisor Group LLC Increases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

HighPoint Advisor Group LLC increased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 5.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 714 shares of the software maker’s stock after acquiring an additional 36 shares during the quarter. HighPoint Advisor Group LLC’s holdings in HubSpot were worth $497,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in shares of HubSpot by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock worth $1,029,262,000 after buying an additional 74,990 shares during the last quarter. Geode Capital Management LLC boosted its position in HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after purchasing an additional 19,974 shares during the last quarter. Bank of New York Mellon Corp grew its stake in HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock valued at $469,987,000 after purchasing an additional 24,799 shares during the period. Norges Bank bought a new position in HubSpot in the 4th quarter valued at $420,345,000. Finally, Alliancebernstein L.P. increased its position in shares of HubSpot by 61.9% during the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker’s stock valued at $199,504,000 after purchasing an additional 109,449 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,853 shares of company stock valued at $15,453,396 over the last 90 days. Insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of HUBS opened at $593.97 on Thursday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The company has a market capitalization of $30.98 billion, a P/E ratio of 6,600.40, a P/E/G ratio of 41.44 and a beta of 1.82. The firm’s 50 day simple moving average is $697.10 and its 200 day simple moving average is $660.86.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HUBS. Macquarie began coverage on shares of HubSpot in a research report on Monday, March 24th. They set an “outperform” rating and a $730.00 price target for the company. Redburn Atlantic assumed coverage on shares of HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating for the company. StockNews.com cut shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Piper Sandler increased their price objective on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Stephens began coverage on HubSpot in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 target price on the stock. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $848.58.

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.