HubSpot, Inc. $HUBS Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 99.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,006 shares of the software maker’s stock after purchasing an additional 2,498 shares during the period. HubSpot makes up approximately 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 12th largest position. Fox Run Management L.L.C.’s holdings in HubSpot were worth $2,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. MAI Capital Management lifted its stake in HubSpot by 51.1% during the 3rd quarter. MAI Capital Management now owns 263 shares of the software maker’s stock worth $123,000 after acquiring an additional 89 shares in the last quarter. Waddell & Associates LLC purchased a new stake in HubSpot during the third quarter worth about $365,000. TD Asset Management Inc lifted its position in shares of HubSpot by 6.9% during the third quarter. TD Asset Management Inc now owns 68,765 shares of the software maker’s stock worth $32,168,000 after purchasing an additional 4,428 shares in the last quarter. Baldwin Investment Management LLC purchased a new position in shares of HubSpot in the third quarter valued at approximately $289,000. Finally, First Financial Bankshares Inc acquired a new position in shares of HubSpot in the third quarter valued at approximately $255,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HUBS. Canaccord Genuity Group set a $485.00 target price on shares of HubSpot in a report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating on shares of HubSpot in a research note on Thursday, February 12th. Truist Financial decreased their target price on HubSpot from $650.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Cantor Fitzgerald cut their price target on HubSpot from $500.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Finally, KeyCorp reduced their price target on HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $452.70.

HubSpot Price Performance

Shares of NYSE HUBS opened at $232.51 on Wednesday. The business has a 50-day moving average of $317.87 and a two-hundred day moving average of $398.29. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 267.25, a price-to-earnings-growth ratio of 3.22 and a beta of 1.44. HubSpot, Inc. has a 1 year low of $207.20 and a 1 year high of $738.54.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The business had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $2.32 EPS. As a group, equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,261 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $253.00, for a total value of $2,090,033.00. Following the completion of the sale, the director directly owned 481,168 shares of the company’s stock, valued at $121,735,504. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider owned 10,119 shares of the company’s stock, valued at $2,408,423.19. This represents a 7.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,691 shares of company stock valued at $8,136,702 in the last 90 days. 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.