NewEdge Advisors LLC Has $2.44 Million Stock Holdings in HubSpot, Inc. $HUBS

Key Points

• NewEdge Advisors LLC increased its holdings in HubSpot, Inc. by 16.9% during the first quarter, owning 4,272 shares valued at $2.44 million as of its most recent SEC filing.
• Institutional investors and hedge funds own approximately 90.39% of HubSpot's stock, indicating strong institutional support for the company.
• HubSpot's most recent earnings report showed a 19.4% year-over-year revenue increase, reporting $760.87 million, and beat earnings per share estimates by $0.07.

NewEdge Advisors LLC lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 16.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,272 shares of the software maker's stock after buying an additional 618 shares during the period. NewEdge Advisors LLC's holdings in HubSpot were worth $2,441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HUBS. Highview Capital Management LLC DE boosted its position in shares of HubSpot by 4.5% in the fourth quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker's stock worth $2,098,000 after buying an additional 129 shares during the period. Captrust Financial Advisors boosted its position in HubSpot by 41.8% during the fourth quarter. Captrust Financial Advisors now owns 1,933 shares of the software maker's stock valued at $1,347,000 after purchasing an additional 570 shares during the last quarter. Cetera Investment Advisers boosted its position in HubSpot by 3.2% during the fourth quarter. Cetera Investment Advisers now owns 4,152 shares of the software maker's stock valued at $2,893,000 after purchasing an additional 127 shares during the last quarter. Focus Partners Wealth boosted its position in HubSpot by 1,577.3% during the fourth quarter. Focus Partners Wealth now owns 13,167 shares of the software maker's stock valued at $9,174,000 after purchasing an additional 12,382 shares during the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in HubSpot during the fourth quarter valued at $471,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Citigroup dropped their price objective on HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Sanford C. Bernstein upgraded HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price target on the stock in a research note on Wednesday, September 3rd. 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, Wall Street Zen raised HubSpot from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $722.93.

HubSpot Price Performance

HUBS stock opened at $489.99 on Thursday. The company has a 50 day moving average price of $500.76 and a 200 day moving average price of $564.01. The stock has a market capitalization of $25.82 billion, a PE ratio of -2,130.37, a price-to-earnings-growth ratio of 17.30 and a beta of 1.58. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to analysts' expectations 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 for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction 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 owned 522,435 shares in the company, valued at $235,012,160.40. This represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathryn Bueker sold 119 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $500.00, for a total transaction of $59,500.00. Following the completion of the transaction, the chief financial officer directly owned 40,563 shares of the company's stock, valued at approximately $20,281,500. The trade was a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,094 shares of company stock worth $26,069,239 in the last 90 days. Corporate 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.

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