Baird Financial Group Inc. Has $35.06 Million Stock Holdings in HubSpot, Inc. $HUBS

Baird Financial Group Inc. reduced its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,983 shares of the software maker’s stock after selling 5,184 shares during the quarter. Baird Financial Group Inc. owned 0.12% of HubSpot worth $35,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HUBS. Whittier Trust Co. boosted its stake in HubSpot by 136.4% during the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Hilltop National Bank purchased a new position in shares of HubSpot during the second quarter valued at approximately $32,000. Atlantic Union Bankshares Corp bought a new stake in HubSpot during the second quarter worth $39,000. Golden State Wealth Management LLC raised its position in HubSpot by 1,057.1% in the 2nd quarter. Golden State Wealth Management LLC now owns 81 shares of the software maker’s stock valued at $45,000 after buying an additional 74 shares during the last quarter. Finally, S Bank Fund Management Ltd bought a new position in HubSpot during the 1st quarter valued at $46,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of NYSE HUBS opened at $379.25 on Friday. The stock has a market capitalization of $19.87 billion, a PE ratio of -4,740.68, a P/E/G ratio of 12.79 and a beta of 1.46. HubSpot, Inc. has a one year low of $344.41 and a one year high of $881.13. The business’s fifty day moving average price is $424.60 and its 200-day moving average price is $492.45.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.18 EPS. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In related news, CTO Dharmesh Shah sold 4,747 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the completion of the transaction, the chief technology officer directly owned 1,271,058 shares of the company’s stock, valued at approximately $637,562,692.80. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the transaction, the chief financial officer owned 38,794 shares of the company’s stock, valued at $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 51,098 shares of company stock valued at $24,062,552. 4.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HUBS has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of HubSpot in a report on Tuesday, October 14th. JPMorgan Chase & Co. reduced their price objective on shares of HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Piper Sandler dropped their target price on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Mizuho reduced their target price on HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Cantor Fitzgerald decreased their price target on HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $617.23.

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.