Nuveen LLC purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 174,977 shares of the software maker's stock, valued at approximately $99,963,000. Nuveen LLC owned about 0.33% of HubSpot as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the stock. Venturi Wealth Management LLC raised its holdings in shares of HubSpot by 1.1% in the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker's stock worth $861,000 after purchasing an additional 16 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of HubSpot by 0.6% in the 1st quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock worth $1,553,000 after purchasing an additional 17 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of HubSpot by 3.0% in the 1st quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock worth $378,000 after purchasing an additional 19 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of HubSpot by 3.5% in the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker's stock worth $334,000 after purchasing an additional 20 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of HubSpot by 5.2% in the 1st quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker's stock worth $231,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 90.39% of the company's stock.
HubSpot Stock Performance
Shares of HUBS stock traded up $9.82 during mid-day trading on Friday, reaching $439.72. The company's stock had a trading volume of 856,182 shares, compared to its average volume of 1,019,774. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13. The company has a market cap of $23.17 billion, a P/E ratio of -1,911.83, a PEG ratio of 15.14 and a beta of 1.66. The firm's 50-day moving average is $530.83 and its two-hundred day moving average is $601.09.
HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company had revenue of $760.87 million during the quarter, compared to analysts' expectations of $739.94 million. During the same quarter in the prior year, the company posted $1.94 EPS. The business's revenue was up 19.4% on a year-over-year basis. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.
Insider Transactions at HubSpot
In other news, CEO Yamini Rangan sold 2,383 shares of the company's stock in a transaction dated 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the sale, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,998 shares of company stock valued at $10,928,616. 4.00% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. BMO Capital Markets dropped their target price on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Truist Financial dropped their target price on shares of HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Stifel Nicolaus dropped their target price on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Scotiabank dropped their target price on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus price target of $726.04.
Check Out Our Latest Stock Analysis on HUBS
HubSpot Company Profile
(
Free Report)
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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