abrdn plc Acquires 9,305 Shares of HubSpot, Inc. (NYSE:HUBS)

abrdn plc lifted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 45.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,689 shares of the software maker's stock after buying an additional 9,305 shares during the quarter. abrdn plc owned approximately 0.06% of HubSpot worth $17,236,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in shares of HubSpot in the fourth quarter worth $29,000. Venturi Wealth Management LLC increased its holdings in HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker's stock worth $35,000 after purchasing an additional 47 shares during the period. Alta Advisers Ltd acquired a new stake in HubSpot in the 3rd quarter valued at about $49,000. Hazlett Burt & Watson Inc. raised its position in HubSpot by 29.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker's stock valued at $55,000 after purchasing an additional 21 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of HubSpot by 50.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 116 shares of the software maker's stock valued at $57,000 after buying an additional 39 shares during the period. 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 8,817 shares of HubSpot stock in a transaction on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the transaction, the chief executive officer now owns 88,977 shares in the company, valued at approximately $55,165,740. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total transaction of $591,090.00. Following the transaction, the insider now owns 7,225 shares in the company, valued at approximately $4,407,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 8,817 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the sale, the chief executive officer now owns 88,977 shares of the company's stock, valued at $55,165,740. The disclosure for this sale can be found here. Insiders have sold a total of 22,362 shares of company stock worth $14,012,491 in the last three months. Company insiders own 4.90% of the company's stock.

HubSpot Trading Down 2.4 %

NYSE HUBS traded down $15.74 during mid-day trading on Thursday, reaching $636.00. 496,783 shares of the stock were exchanged, compared to its average volume of 488,758. The business's fifty day simple moving average is $626.83 and its 200 day simple moving average is $557.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market capitalization of $32.23 billion, a PE ratio of -176.54 and a beta of 1.58. HubSpot, Inc. has a 1-year low of $407.23 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The business had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. On average, research analysts anticipate that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HUBS. The Goldman Sachs Group upped their target price on shares of HubSpot from $577.00 to $656.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Stifel Nicolaus raised their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company a "buy" rating in a report on Monday, April 8th. Evercore ISI lifted their price objective on shares of HubSpot from $625.00 to $650.00 and gave the stock an "in-line" rating in a research report on Thursday, February 15th. Royal Bank of Canada increased their target price on HubSpot from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Finally, BMO Capital Markets raised their price target on HubSpot from $540.00 to $710.00 and gave the company an "outperform" rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and a consensus target price of $642.36.

HubSpot Company 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.