Callan Family Office LLC Purchases New Holdings in HubSpot, Inc. $HUBS

Key Points

• Callan Family Office LLC acquired a new stake in HubSpot, purchasing 3,020 shares valued at approximately $1.68 million during the second quarter.
• Significant institutional investment increases were reported, with Vanguard Group, Price T Rowe Associates, and Massachusetts Financial Services all boosting their holdings in HubSpot during the first quarter.
• HubSpot's stock saw a price reduction in target estimates from various analysts, with Cantor Fitzgerald maintaining an "overweight" rating and setting a price target of $775.00.

Callan Family Office LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,020 shares of the software maker's stock, valued at approximately $1,681,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in HubSpot by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock valued at $2,997,407,000 after acquiring an additional 201,994 shares during the period. Price T Rowe Associates Inc. MD increased its position in HubSpot by 17.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after purchasing an additional 714,980 shares during the period. Massachusetts Financial Services Co. MA increased its position in HubSpot by 37.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after purchasing an additional 251,853 shares during the period. Groupama Asset Managment increased its position in HubSpot by 0.8% during the 1st quarter. Groupama Asset Managment now owns 732,578 shares of the software maker's stock worth $418,514,000 after purchasing an additional 5,779 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in HubSpot by 16.6% during 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 period. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $506.52, for a total value of $4,305,420.00. Following the completion of the sale, the director directly owned 522,185 shares in the company, valued at approximately $264,497,146.20. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,387 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $1,193,500.00. Following the completion of the sale, the chief executive officer owned 56,277 shares of the company's stock, valued at approximately $28,138,500. This represents a 4.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,098 shares of company stock valued at $25,563,137. Corporate insiders own 4.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cantor Fitzgerald reissued an "overweight" rating and set a $775.00 price target on shares of HubSpot in a research note on Friday, October 3rd. BMO Capital Markets reduced their target price on HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. KeyCorp reduced their target price on HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Piper Sandler began coverage on HubSpot in a research note on Thursday, September 4th. They set an "overweight" rating and a $675.00 price target on the stock. Finally, Raymond James Financial reduced their price target on HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $723.11.

HubSpot Stock Down 3.1%

HUBS stock opened at $438.97 on Friday. The company has a market cap of $23.13 billion, a price-to-earnings ratio of -1,908.57, a PEG ratio of 15.16 and a beta of 1.58. The business has a fifty day simple moving average of $475.29 and a 200-day simple moving average of $539.14. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The business's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 EPS. As a group, analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.

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