TD Asset Management Inc Acquires 4,428 Shares of HubSpot, Inc. $HUBS

TD Asset Management Inc boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,765 shares of the software maker’s stock after buying an additional 4,428 shares during the period. TD Asset Management Inc owned 0.13% of HubSpot worth $32,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of HUBS. Vanguard Group Inc. lifted its stake in shares of HubSpot by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after purchasing an additional 345,524 shares during the last quarter. Geode Capital Management LLC raised its holdings in HubSpot by 4.3% in the second quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock worth $513,886,000 after purchasing an additional 38,096 shares in the last quarter. Norges Bank purchased a new stake in shares of HubSpot during the second quarter valued at about $269,941,000. Alliancebernstein L.P. boosted its holdings in shares of HubSpot by 35.0% in the 2nd quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock valued at $209,335,000 after buying an additional 97,469 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of HubSpot by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 342,617 shares of the software maker’s stock worth $190,711,000 after buying an additional 7,037 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS opened at $264.54 on Friday. The stock has a 50-day moving average of $310.16 and a two-hundred day moving average of $395.25. The stock has a market cap of $13.95 billion, a P/E ratio of 304.07, a P/E/G ratio of 3.98 and a beta of 1.44. HubSpot, Inc. has a one year low of $207.20 and a one year high of $732.00.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The firm had revenue of $846.75 million during the quarter, compared to analysts’ expectations of $830.65 million. During the same period last year, the business posted $2.32 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on HUBS shares. Wells Fargo & Company decreased their target price on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. BTIG Research lowered their price objective on HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Stifel Nicolaus dropped their target price on HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Mizuho decreased their price target on HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Finally, Truist Financial lowered their price target on HubSpot from $650.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $452.70.

Insider Buying and Selling

In related news, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider owned 10,119 shares of the company’s stock, valued at $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the sale, the director directly owned 487,344 shares in the company, valued at $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,691 shares of company stock valued at $8,136,702 over the last three months. 4.00% of the stock is currently owned by insiders.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.