Cwm LLC Boosts Stock Position in HubSpot, Inc. $HUBS

Cwm LLC increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 217.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,520 shares of the software maker’s stock after buying an additional 14,060 shares during the period. Cwm LLC’s holdings in HubSpot were worth $9,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new position in HubSpot during the second quarter worth $27,000. Whittier Trust Co. increased its stake in shares of HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after purchasing an additional 47 shares in the last quarter. Hilltop National Bank acquired a new position in shares of HubSpot during the 2nd quarter worth about $32,000. Finally, Osterweis Capital Management Inc. purchased a new position in HubSpot in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In other news, CEO Yamini Rangan sold 2,387 shares of the firm’s 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 $1,193,500.00. Following the completion of the sale, the chief executive officer owned 56,277 shares in the company, valued at $28,138,500. This trade represents a 4.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the sale, the director directly owned 496,308 shares in the company, valued at approximately $182,140,072.92. The trade was a 1.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,502 shares of company stock valued at $11,559,565 in the last 90 days. Company insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stifel Nicolaus cut their price objective on HubSpot from $600.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. dropped their price target on HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Barclays decreased their price objective on HubSpot from $675.00 to $575.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Mizuho dropped their target price on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Argus reduced their target price on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $613.45.

HubSpot Stock Up 0.3%

Shares of HUBS opened at $399.53 on Tuesday. HubSpot, Inc. has a 52-week low of $344.41 and a 52-week high of $881.13. The stock has a fifty day simple moving average of $403.45 and a two-hundred day simple moving average of $466.72. The company has a market capitalization of $20.93 billion, a PE ratio of -4,994.15, a price-to-earnings-growth ratio of 13.50 and a beta of 1.46.

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. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The firm had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. During the same quarter in the prior year, the firm posted $2.18 earnings per share. HubSpot’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, equities analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot Company 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.