abrdn plc Has $17.24 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

abrdn plc raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 45.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,689 shares of the software maker’s stock after purchasing an additional 9,305 shares during the period. abrdn plc’s holdings in HubSpot were worth $17,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. HB Wealth Management LLC boosted its position in shares of HubSpot by 3.5% in the 4th quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock worth $326,000 after purchasing an additional 19 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in shares of HubSpot by 0.7% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 2,879 shares of the software maker’s stock valued at $1,671,000 after acquiring an additional 20 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of HubSpot by 29.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after acquiring an additional 21 shares during the period. Quantum Private Wealth LLC raised its position in shares of HubSpot by 0.5% in the 4th quarter. Quantum Private Wealth LLC now owns 4,220 shares of the software maker’s stock valued at $2,450,000 after acquiring an additional 21 shares during the period. Finally, Avestar Capital LLC boosted its stake in HubSpot by 5.8% during the 3rd quarter. Avestar Capital LLC now owns 454 shares of the software maker’s stock worth $224,000 after acquiring an additional 25 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

NYSE:HUBS opened at $651.44 on Thursday. HubSpot, Inc. has a twelve month low of $399.48 and a twelve month high of $693.85. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $626.83 and its two-hundred day moving average price is $557.12.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. The business had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. Analysts predict that HubSpot, Inc. will post -0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HUBS shares. Wells Fargo & Company upped their target price on shares of HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. The Goldman Sachs Group raised their price objective on HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Wolfe Research boosted their target price on HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. BMO Capital Markets increased their price target on HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Finally, TheStreet upgraded HubSpot from a “d+” rating to a “c-” rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $642.36.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $634.21, for a total value of $73,568.36. Following the transaction, the chief executive officer now owns 88,861 shares in the company, valued at $56,356,534.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the sale, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,362 shares of company stock worth $14,012,491. Company insiders own 4.90% of the company’s stock.

HubSpot Company 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.