UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $280.19 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 8.2% in the third quarter, Holdings Channel.com reports. The fund owned 527,061 shares of the software maker’s stock after acquiring an additional 40,138 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in HubSpot were worth $280,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in HubSpot during the 2nd quarter worth approximately $35,000. HM Payson & Co. raised its stake in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the last quarter. Crewe Advisors LLC boosted its position in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after acquiring an additional 63 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in HubSpot by 690.9% during the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after acquiring an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of HubSpot by 41.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after acquiring an additional 32 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on HUBS shares. Canaccord Genuity Group lifted their target price on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays increased their target price on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research note on Thursday, August 8th. Raymond James cut their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Truist Financial restated a “buy” rating and issued 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 issued a buy rating to the company’s stock. According to MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $672.68.

HubSpot Stock Down 0.2 %

HUBS stock opened at $721.42 on Friday. The firm has a market cap of $37.24 billion, a PE ratio of -2,671.83, a P/E/G ratio of 87.86 and a beta of 1.63. The business has a 50 day moving average of $597.13 and a 200-day moving average of $556.38. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $754.56.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) EPS. On average, research analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other news, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now directly owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,391 shares of company stock worth $29,101,488 over the last three months. 4.50% of the stock is currently owned by insiders.

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.