Baird Financial Group Inc. Boosts Stake in HubSpot, Inc. (NYSE:HUBS)

Baird Financial Group Inc. increased its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 15,320.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,911 shares of the software maker's stock after buying an additional 60,516 shares during the quarter. Baird Financial Group Inc. owned about 0.12% of HubSpot worth $42,441,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HUBS. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after purchasing an additional 19 shares during the period. Coppell Advisory Solutions LLC increased its holdings in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot in the 3rd quarter valued at $25,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after buying an additional 32 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HubSpot stock opened at $642.71 on Tuesday. The company has a market capitalization of $33.83 billion, a P/E ratio of 7,142.04, a PEG ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company's fifty day moving average is $590.73 and its two-hundred day moving average is $665.54.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HUBS shares. Piper Sandler cut their price objective on shares of HubSpot from $808.00 to $535.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Raymond James upped their price target on HubSpot from $750.00 to $980.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. William Blair reissued an "outperform" rating on shares of HubSpot in a report on Thursday, February 13th. The Goldman Sachs Group upped their target price on HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price target on shares of HubSpot from $940.00 to $700.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $777.44.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 680 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at approximately $43,015,800. This represents a 0.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock worth $18,401,757 over the last quarter. 4.50% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.