HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,636 shares of the software maker’s stock after acquiring an additional 2,044 shares during the period. Envestnet Asset Management Inc. owned 0.10% of HubSpot worth $21,281,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Connectus Wealth LLC lifted its holdings in HubSpot by 2.0% in the first quarter. Connectus Wealth LLC now owns 10,262 shares of the software maker’s stock valued at $4,400,000 after acquiring an additional 197 shares during the last quarter. Rhumbline Advisers lifted its stake in HubSpot by 9.5% during the first quarter. Rhumbline Advisers now owns 57,141 shares of the software maker’s stock worth $24,499,000 after purchasing an additional 4,974 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in HubSpot by 8.4% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 748 shares of the software maker’s stock worth $321,000 after purchasing an additional 58 shares in the last quarter. First Growth Investment Manager LP lifted its stake in HubSpot by 27.0% during the first quarter. First Growth Investment Manager LP now owns 4,700 shares of the software maker’s stock worth $2,015,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in HubSpot by 17.8% during the first quarter. Commonwealth Equity Services LLC now owns 15,217 shares of the software maker’s stock worth $6,524,000 after purchasing an additional 2,302 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In related news, CTO Dharmesh Shah sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $505.71, for a total value of $10,114,200.00. Following the transaction, the chief technology officer now owns 1,411,014 shares in the company, valued at approximately $713,563,889.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO Dharmesh Shah sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $505.71, for a total value of $10,114,200.00. Following the transaction, the chief technology officer now owns 1,411,014 shares in the company, valued at approximately $713,563,889.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 918 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $507.76, for a total value of $466,123.68. Following the completion of the transaction, the chief financial officer now owns 37,106 shares in the company, valued at approximately $18,840,942.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,248 shares of company stock worth $32,237,871. Corporate insiders own 4.90% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of research reports. Piper Sandler restated a “neutral” rating and set a $520.00 price target on shares of HubSpot in a research note on Thursday, August 3rd. Morgan Stanley upped their price target on HubSpot from $603.00 to $604.00 and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. Raymond James upped their price target on HubSpot from $520.00 to $600.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 3rd. Argus lifted their target price on HubSpot from $550.00 to $604.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $620.00 target price on shares of HubSpot in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $502.67.

HubSpot Stock Up 1.0 %

HUBS opened at $551.95 on Friday. The business’s 50-day simple moving average is $526.64 and its 200-day simple moving average is $469.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.25 and a current ratio of 2.25. HubSpot, Inc. has a one year low of $245.03 and a one year high of $581.40. The stock has a market capitalization of $27.60 billion, a P/E ratio of -133.32 and a beta of 1.58.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 2nd. The software maker reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.27). HubSpot had a negative return on equity of 11.28% and a negative net margin of 10.51%. The firm had revenue of $529.14 million for the quarter, compared to analyst estimates of $504.45 million. Analysts anticipate that HubSpot, Inc. will post -1.42 EPS for the current year.

About HubSpot

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.