HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,614 shares of the software maker's stock after buying an additional 9,087 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.19% of HubSpot worth $54,347,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HUBS. Venturi Wealth Management LLC increased its stake in HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker's stock worth $35,000 after buying an additional 47 shares in the last quarter. Quarry LP grew its position in shares of HubSpot by 333.3% during the first quarter. Quarry LP now owns 91 shares of the software maker's stock worth $39,000 after purchasing an additional 70 shares in the last quarter. Alta Advisers Ltd bought a new stake in HubSpot during the 3rd quarter valued at approximately $49,000. KB Financial Partners LLC purchased a new position in HubSpot in the 1st quarter worth approximately $49,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in HubSpot by 29.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker's stock worth $55,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $555.84, for a total value of $4,724,640.00. Following the completion of the transaction, the insider now directly owns 536,811 shares of the company's stock, valued at approximately $298,381,026.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total value of $4,724,640.00. Following the transaction, the insider now owns 536,811 shares of the company's stock, valued at approximately $298,381,026.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now directly owns 88,861 shares of the company's stock, valued at approximately $56,356,534.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,362 shares of company stock valued at $13,329,601. Company insiders own 4.90% of the company's stock.

HubSpot Trading Up 3.7 %

HUBS traded up $24.44 during trading hours on Thursday, reaching $682.15. 520,370 shares of the company's stock traded hands, compared to its average volume of 481,981. The firm has a 50-day moving average price of $620.85 and a 200 day moving average price of $545.48. The firm has a market capitalization of $34.57 billion, a PE ratio of -192.15 and a beta of 1.58. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. HubSpot, Inc. has a 52-week low of $399.48 and a 52-week high of $693.85.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The firm had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. As a group, sell-side analysts predict that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of HubSpot from $475.00 to $600.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 24th. Canaccord Genuity Group increased their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company a "buy" rating in a report on Friday, April 5th. Piper Sandler restated an "overweight" rating and set a $675.00 price objective on shares of HubSpot in a research report on Friday, April 5th. Evercore ISI boosted their target price on HubSpot from $625.00 to $650.00 and gave the stock an "in-line" rating in a research report on Thursday, February 15th. Finally, KeyCorp began coverage on HubSpot in a report on Thursday, March 21st. They set an "underweight" rating and a $520.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price of $642.36.

About HubSpot

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.