Truvestments Capital LLC Makes New $76,000 Investment in HubSpot, Inc. (NYSE:HUBS)

Truvestments Capital LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the third quarter, HoldingsChannel.com reports. The firm purchased 143 shares of the software maker’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Advisors Asset Management Inc. boosted its holdings in HubSpot by 38.2% during the first quarter. Advisors Asset Management Inc. now owns 1,306 shares of the software maker’s stock worth $818,000 after buying an additional 361 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of HubSpot by 2.9% in the 1st quarter. Janus Henderson Group PLC now owns 24,521 shares of the software maker’s stock valued at $15,364,000 after acquiring an additional 689 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in HubSpot by 2.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock worth $698,000 after acquiring an additional 30 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in HubSpot by 36.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,092 shares of the software maker’s stock valued at $684,000 after purchasing an additional 294 shares during the period. Finally, California State Teachers Retirement System increased its stake in HubSpot by 0.6% in the first quarter. California State Teachers Retirement System now owns 71,918 shares of the software maker’s stock valued at $45,061,000 after purchasing an additional 421 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HUBS shares. Citigroup reduced their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Evercore ISI boosted their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Barclays raised their price target on HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. BMO Capital Markets boosted their price objective on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Truist Financial reissued a “buy” rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $672.68.

HubSpot Stock Performance

Shares of HubSpot stock opened at $729.83 on Wednesday. The stock has a market capitalization of $37.68 billion, a PE ratio of -2,703.07, a price-to-earnings-growth ratio of 90.27 and a beta of 1.63. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $754.56. The stock has a 50 day moving average price of $585.02 and a two-hundred day moving average price of $553.17.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,391 shares of company stock valued at $29,101,488. 4.50% of the stock is owned by corporate insiders.

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.