Focus Partners Wealth Has $6.92 Million Stock Position 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 holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 8.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,119 shares of the software maker's stock after selling 1,048 shares during the period. Focus Partners Wealth's holdings in HubSpot were worth $6,923,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Elequin Capital LP acquired a new position in shares of HubSpot during the 4th quarter worth about $27,000. Cullen Frost Bankers Inc. lifted its position in shares of HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after purchasing an additional 34 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of HubSpot during the 1st quarter worth about $35,000. Clean Yield Group acquired a new position in shares of HubSpot during the 1st quarter worth about $41,000. Finally, GW&K Investment Management LLC lifted its position in shares of HubSpot by 203.8% during the 1st quarter. GW&K Investment Management LLC now owns 79 shares of the software maker's stock worth $45,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,383 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the transaction, the chief executive officer owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,094 shares of company stock worth $25,716,404 in the last quarter. 4.00% of the stock is owned by corporate insiders.

HubSpot Stock Performance

Shares of HUBS stock traded up $6.60 during trading hours on Thursday, hitting $513.90. The company had a trading volume of 672,070 shares, compared to its average volume of 740,109. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The firm has a market capitalization of $27.08 billion, a price-to-earnings ratio of -2,234.35, a PEG ratio of 17.53 and a beta of 1.58. The firm's fifty day moving average is $494.25 and its 200 day moving average is $555.12.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 EPS. On average, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Macquarie lowered their price target on HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. BMO Capital Markets lowered their price target on HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Truist Financial lowered their price target on HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Finally, Raymond James Financial lowered 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 investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $722.93.

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.