GDS Wealth Management Has $9.11 Million Stock Holdings in HubSpot, Inc. $HUBS

GDS Wealth Management grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 16.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,482 shares of the software maker’s stock after purchasing an additional 2,686 shares during the period. GDS Wealth Management’s holdings in HubSpot were worth $9,114,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of analysts have weighed in on HUBS shares. BMO Capital Markets cut their target price on shares of HubSpot from $550.00 to $465.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Argus cut their price objective on HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. BTIG Research started coverage on HubSpot in a report on Monday, January 5th. They issued a “buy” rating and a $500.00 target price for the company. Wells Fargo & Company dropped their target price on HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Canaccord Genuity Group reduced their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $601.40.

HubSpot Price Performance

Shares of HUBS opened at $322.27 on Friday. The business has a 50-day moving average of $370.22 and a 200-day moving average of $441.68. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of -4,028.39, a price-to-earnings-growth ratio of 7.64 and a beta of 1.46. HubSpot, Inc. has a 1 year low of $300.09 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last released its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share 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 business had revenue of $809.52 million during the quarter, compared to the consensus estimate of $786.80 million. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.18 EPS. As a group, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Insiders Place Their Bets

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the transaction, the director owned 487,344 shares of the company’s stock, valued at $147,850,422.72. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 25,735 shares of company stock worth $8,943,006 over the last ninety days. 4.00% of the stock is owned by company insiders.

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.