Brookstone Capital Management Takes Position in HubSpot, Inc. $HUBS

Brookstone Capital Management acquired a new stake in HubSpot, Inc. (NYSE:HUBS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,445 shares of the software maker’s stock, valued at approximately $676,000.

Several other hedge funds have also recently bought and sold shares of HUBS. Vanguard Group Inc. raised its holdings in HubSpot by 2.8% during the second quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock valued at $3,000,926,000 after buying an additional 144,507 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of HubSpot by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock valued at $513,886,000 after acquiring an additional 38,096 shares during the last quarter. Jennison Associates LLC raised its stake in shares of HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after acquiring an additional 672,158 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in HubSpot by 16.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 661,946 shares of the software maker’s stock worth $378,163,000 after purchasing an additional 94,481 shares during the last quarter. Finally, Norges Bank bought a new stake in HubSpot during the second quarter worth approximately $269,941,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group set a $500.00 price target on shares of HubSpot in a research report on Friday, November 7th. Bank of America dropped their target price on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Piper Sandler decreased their price target on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Sanford C. Bernstein raised HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target on the stock in a research report on Wednesday, September 3rd. Finally, Citigroup boosted their price objective on HubSpot from $650.00 to $658.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $613.45.

HubSpot Stock Performance

Shares of HUBS opened at $399.53 on Tuesday. The company has a 50-day simple moving average of $403.45 and a 200-day simple moving average of $466.72. HubSpot, Inc. has a 52 week low of $344.41 and a 52 week high of $881.13. The firm has a market capitalization of $20.93 billion, a P/E ratio of -4,994.15, a P/E/G ratio of 13.50 and a beta of 1.46.

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

Insider Activity

In related news, CFO Kathryn Bueker sold 615 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $307,500.00. Following the completion of the transaction, the chief financial officer directly owned 38,794 shares in the company, valued at approximately $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the completion of the transaction, the director directly owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. This trade represents a 1.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 28,502 shares of company stock worth $11,559,565. Company insiders own 4.00% of the company’s stock.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.