Cetera Investment Advisers Has $2.75 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Cetera Investment Advisers lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 16.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,817 shares of the software maker’s stock after buying an additional 665 shares during the period. Cetera Investment Advisers’ holdings in HubSpot were worth $2,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HUBS. Highview Capital Management LLC DE increased its holdings in HubSpot by 4.5% in the fourth quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker’s stock valued at $2,098,000 after purchasing an additional 129 shares during the period. National Bank of Canada FI increased its holdings in HubSpot by 64.5% in the fourth quarter. National Bank of Canada FI now owns 926 shares of the software maker’s stock valued at $645,000 after purchasing an additional 363 shares during the period. World Investment Advisors acquired a new stake in HubSpot in the fourth quarter valued at $226,000. Envestnet Asset Management Inc. increased its holdings in HubSpot by 2.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 67,895 shares of the software maker’s stock valued at $47,307,000 after purchasing an additional 1,717 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after acquiring an additional 13 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total value of $4,616,095.00. Following the transaction, the director owned 522,435 shares in the company, valued at approximately $283,718,775.45. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer owned 41,086 shares in the company, valued at $22,670,843.94. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,998 shares of company stock worth $10,928,616. 4.50% of the stock is currently owned by company insiders.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $490.83 on Thursday. HubSpot, Inc. has a one year low of $454.25 and a one year high of $881.13. The company has a market cap of $25.89 billion, a price-to-earnings ratio of -1,090.73, a PEG ratio of 17.90 and a beta of 1.66. The firm has a fifty day moving average price of $555.48 and a two-hundred day moving average price of $617.78.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.85% and a positive return on equity of 0.14%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 EPS. Equities research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group decreased their price target on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Needham & Company LLC reiterated a “buy” rating and set a $900.00 price target on shares of HubSpot in a report on Friday, May 9th. Wells Fargo & Company decreased their price target on HubSpot from $700.00 to $675.00 and set an “overweight” rating for the company in a report on Monday, June 9th. Mizuho decreased their price target on HubSpot from $900.00 to $700.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, Piper Sandler increased their price target on HubSpot from $535.00 to $645.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $759.04.

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.