Focus Partners Wealth Has $6.92 Million Stock Holdings in HubSpot, Inc. $HUBS

Key Points

• Focus Partners Wealth decreased its holdings in HubSpot, Inc. by 8.0%, bringing their total shares to 12,119, valued at approximately $6.9 million.
• Institutional investors own about 90.39% of HubSpot stock, with significant increases in holdings reported by Price T Rowe Associates (+17.0%) and Massachusetts Financial Services (+37.3%).
• Analysts generally maintain a positive outlook on HubSpot with twenty-seven "Buy" ratings and a consensus price target of $722.93, despite some recent adjustments to target prices.

Focus Partners Wealth lessened its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,119 shares of the software maker's stock after selling 1,048 shares during the quarter. Focus Partners Wealth's holdings in HubSpot were worth $6,923,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of HubSpot by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after purchasing an additional 201,994 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of HubSpot by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock valued at $2,805,070,000 after purchasing an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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 buying an additional 251,853 shares during the last quarter. Groupama Asset Managment lifted its stake in HubSpot by 0.8% during the first 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of HubSpot by 16.6% in 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 valued at $378,163,000 after buying an additional 94,481 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Stock Performance

Shares of HUBS stock traded up $16.68 on Monday, hitting $508.16. The stock had a trading volume of 642,830 shares, compared to its average volume of 776,623. The stock's 50 day moving average is $497.22 and its 200-day moving average is $557.17. The firm has a market capitalization of $26.77 billion, a price-to-earnings ratio of -2,209.39, a P/E/G ratio of 16.93 and a beta of 1.58. 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 issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (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 analyst estimates of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business's revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 earnings per share. Equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several research analyst reports. Truist Financial decreased their price objective on HubSpot from $720.00 to $675.00 and set a "buy" rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. reduced their price objective on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Macquarie lowered their price target on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $900.00 price objective on shares of HubSpot in a report on Thursday, September 4th. Finally, BMO Capital Markets lowered their price target on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $722.93.

Insider Activity

In other news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the sale, the director directly owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the transaction, the chief executive officer directly owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,094 shares of company stock worth $26,069,239 over the last ninety days. Insiders own 4.00% of the company's stock.

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.