Wellington Shields & Co. LLC Buys New Stake in HubSpot, Inc. (NYSE:HUBS)

Wellington Shields & Co. LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 422 shares of the software maker’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Gilbert & Cook Inc. lifted its stake in shares of HubSpot by 60.0% in the 4th quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker’s stock valued at $1,141,000 after purchasing an additional 737 shares during the period. Private Advisor Group LLC boosted its stake in shares of HubSpot by 32.6% during the 4th quarter. Private Advisor Group LLC now owns 1,227 shares of the software maker’s stock worth $712,000 after acquiring an additional 302 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of HubSpot by 5.3% during the 4th quarter. Apollon Wealth Management LLC now owns 514 shares of the software maker’s stock worth $298,000 after acquiring an additional 26 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of HubSpot during the 4th quarter valued at about $50,000. Finally, Jump Financial LLC increased its stake in shares of HubSpot by 111.8% in the 4th quarter. Jump Financial LLC now owns 2,300 shares of the software maker’s stock valued at $1,335,000 after purchasing an additional 1,214 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Trading Down 0.5 %

Shares of NYSE HUBS opened at $491.88 on Wednesday. The stock has a fifty day simple moving average of $496.71 and a 200-day simple moving average of $572.25. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The stock has a market capitalization of $25.26 billion, a PE ratio of -185.61, a PEG ratio of 3,132.37 and a beta of 1.63.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period in the prior year, the firm earned ($1.17) earnings per share. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities analysts predict that HubSpot, Inc. will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the transaction, the insider now owns 9,735 shares in the company, valued at approximately $4,548,484.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock worth $21,300,253 in the last ninety days. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on HUBS. UBS Group lowered their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Evercore ISI dropped their price target on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a research note on Thursday, August 8th. Piper Sandler reissued an “overweight” rating and issued a $570.00 price target on shares of HubSpot in a report on Thursday, August 8th. Bank of America decreased their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Truist Financial reissued a “buy” rating and set a $600.00 target price (down previously from $700.00) on shares of HubSpot in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

HubSpot 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.