HubSpot, Inc. $HUBS Shares Newly Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new position in HubSpot, Inc. (NYSE:HUBS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,508 shares of the software maker’s stock, valued at approximately $1,539,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. BlackRock Inc. purchased a new position in HubSpot during the second quarter valued at approximately $631,386,000. Pictet Asset Management Holding SA boosted its position in HubSpot by 2.0% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,689,478 shares of the software maker’s stock worth $346,208,000 after purchasing an additional 33,728 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in HubSpot by 352.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker’s stock worth $220,559,000 after purchasing an additional 703,706 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $112,671,000. Finally, Amundi grew its stake in shares of HubSpot by 33.4% during the 1st quarter. Amundi now owns 586,037 shares of the software maker’s stock worth $143,052,000 after purchasing an additional 146,871 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HUBS shares. Truist Financial cut their target price on shares of HubSpot from $275.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, November 5th. KeyCorp downgraded shares of HubSpot from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 5th. Wolfe Research downgraded shares of HubSpot from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 6th. Sanford C. Bernstein lowered shares of HubSpot from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $381.00 to $220.00 in a research report on Thursday, August 6th. Finally, BTIG Research cut shares of HubSpot from a “buy” rating to a “neutral” rating in a report on Thursday, November 5th. Eight investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $251.23.

HubSpot Trading Down 4.2%

Shares of HUBS stock opened at $197.21 on Wednesday. The company has a market capitalization of $9.63 billion, a P/E ratio of 47.07, a P/E/G ratio of 2.13 and a beta of 1.14. The business’s 50 day moving average is $229.70 and its two-hundred day moving average is $228.80. HubSpot, Inc. has a 12-month low of $169.63 and a 12-month high of $406.94.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 4th. The software maker reported $3.81 EPS for the quarter, beating the consensus estimate of $3.27 by $0.54. The company had revenue of $947.57 million for the quarter, compared to analyst estimates of $925.50 million. HubSpot had a return on equity of 12.18% and a net margin of 5.95%. HubSpot’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period last year, the company earned $2.66 earnings per share. On average, research analysts predict that HubSpot, Inc. will post 4.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $239.57, for a total value of $2,036,345.00. Following the sale, the director owned 59,500 shares of the company’s stock, valued at approximately $14,254,415. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Erika Fisher sold 702 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $227.72, for a total transaction of $159,859.44. Following the completion of the sale, the insider directly owned 12,829 shares of the company’s stock, valued at approximately $2,921,419.88. The trade was a 5.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,202 shares of company stock worth $6,149,894 in the last quarter. Insiders own 3.70% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc. develops cloud-based customer relationship management software designed to help businesses attract and engage customers, manage sales, and provide customer support. Founded in 2006 by Brian Halligan and Dharmesh Shah, the company helped popularize inbound marketing, an approach focused on drawing customers in with useful content and experiences. Its platform combines a central CRM with products for marketing, sales, customer service, content management, operations, and commerce. HubSpot also offers automation, analytics, and artificial intelligence features to help organizations manage customer interactions and coordinate business processes.