US Bancorp DE Acquires 636 Shares of HubSpot, Inc. (NYSE:HUBS)

US Bancorp DE grew its holdings in shares of HubSpot, Inc. (NYSE:HUBSFree Report) by 49.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,933 shares of the software maker’s stock after buying an additional 636 shares during the quarter. US Bancorp DE’s holdings in HubSpot were worth $1,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in HubSpot during the 4th quarter worth about $29,000. Venturi Wealth Management LLC raised its holdings in shares of HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after purchasing an additional 47 shares during the period. Larson Financial Group LLC raised its holdings in shares of HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after purchasing an additional 69 shares during the period. Principal Securities Inc. bought a new stake in shares of HubSpot in the 4th quarter valued at about $50,000. Finally, Hazlett Burt & Watson Inc. raised its holdings 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 purchasing an additional 21 shares during the period. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a report on Thursday, February 15th. Wolfe Research upped their target price on shares of HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. 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 report on Thursday, February 15th. Stifel Nicolaus decreased their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group upped their price target on shares of HubSpot from $577.00 to $656.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $640.04.

Read Our Latest Analysis on HUBS

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,874 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total value of $1,802,342.88. Following the completion of the transaction, the chief executive officer now owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Yamini Rangan sold 2,874 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total value of $1,802,342.88. Following the completion of the transaction, the chief executive officer now owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kathryn Bueker sold 3,937 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the transaction, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The disclosure for this sale can be found here. Insiders sold a total of 20,353 shares of company stock valued at $12,845,623 in the last quarter. Insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

NYSE HUBS opened at $597.46 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $30.45 billion, a price-to-earnings ratio of -225.46 and a beta of 1.57. The firm’s 50 day simple moving average is $624.49 and its 200 day simple moving average is $591.37. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85.

HubSpot (NYSE:HUBSGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.27. The business had revenue of $617.41 million for the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. As a group, research analysts expect that HubSpot, Inc. will post -0.56 earnings per share for the current fiscal year.

HubSpot Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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