Accuvest Global Advisors Makes New $417,000 Investment in HubSpot, Inc. $HUBS

Accuvest Global Advisors bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 750 shares of the software maker’s stock, valued at approximately $417,000.

A number of other large investors have also recently added to or reduced their stakes in HUBS. Price T Rowe Associates Inc. MD boosted its position in HubSpot by 17.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after purchasing an additional 714,980 shares during the period. Jennison Associates LLC boosted its position in HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after purchasing an additional 672,158 shares during the period. Massachusetts Financial Services Co. MA boosted its position in HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after purchasing an additional 251,853 shares during the period. Vanguard Group Inc. lifted its holdings in shares of HubSpot by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock worth $2,997,407,000 after buying an additional 201,994 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of HubSpot during the first quarter worth approximately $99,963,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 2.8%

Shares of NYSE HUBS opened at $491.13 on Friday. The business has a fifty day simple moving average of $477.72 and a 200 day simple moving average of $531.09. The firm has a market capitalization of $25.88 billion, a price-to-earnings ratio of -2,135.33, a PEG ratio of 17.00 and a beta of 1.58. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. On average, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,387 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the completion of the transaction, the chief executive officer directly owned 56,277 shares in the company, valued at approximately $28,138,500. This represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the transaction, the director owned 522,435 shares of the company’s stock, valued at $235,012,160.40. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 50,863 shares of company stock valued at $24,641,332. Company insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on HubSpot in a report on Tuesday, September 30th. They set an “overweight” rating and a $685.00 price target for the company. Sanford C. Bernstein upgraded HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target for the company in a report on Wednesday, September 3rd. Piper Sandler initiated coverage on HubSpot in a report on Thursday, September 4th. They set an “overweight” rating and a $675.00 price target for the company. UBS Group reiterated an “outperform” rating on shares of HubSpot in a report on Wednesday, September 3rd. Finally, Raymond James Financial cut their price target on HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $718.04.

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.