Great West Life Assurance Co. Can increased its position in HubSpot, Inc. (NYSE:HUBS) by 39.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,341 shares of the software maker’s stock after buying an additional 5,515 shares during the period. Great West Life Assurance Co. Can’s holdings in HubSpot were worth $5,649,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Harbor Investment Advisory LLC increased its stake in HubSpot by 61.3% during the third quarter. Harbor Investment Advisory LLC now owns 100 shares of the software maker’s stock worth $29,000 after acquiring an additional 38 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in HubSpot during the third quarter worth approximately $39,000. Adirondack Trust Co. increased its stake in HubSpot by 58.8% during the second quarter. Adirondack Trust Co. now owns 135 shares of the software maker’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of HubSpot by 33.3% during the third quarter. Arkadios Wealth Advisors now owns 200 shares of the software maker’s stock valued at $62,000 after buying an additional 50 shares during the last quarter. Finally, Ellevest Inc. grew its stake in shares of HubSpot by 393.0% during the third quarter. Ellevest Inc. now owns 212 shares of the software maker’s stock valued at $62,000 after buying an additional 169 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.
A number of research analysts have recently commented on the company. ValuEngine cut HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, December 1st. Morgan Stanley increased their price objective on HubSpot from $305.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. Stifel Nicolaus increased their price objective on HubSpot from $275.00 to $305.00 in a research note on Wednesday, September 23rd. Needham & Company LLC upped their target price on HubSpot from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, November 6th. Finally, Piper Sandler upped their target price on HubSpot from $300.00 to $435.00 and gave the stock an “overweight” rating in a report on Friday, November 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $324.64.
HubSpot (NYSE:HUBS) last issued its earnings results on Thursday, November 5th. The software maker reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.15. The company had revenue of $228.39 million during the quarter, compared to analyst estimates of $210.86 million. HubSpot had a negative return on equity of 4.76% and a negative net margin of 9.78%. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. As a group, equities research analysts expect that HubSpot, Inc. will post -1.36 earnings per share for the current year.
In other HubSpot news, CTO Dharmesh Shah sold 40,000 shares of the stock in a transaction dated Friday, December 11th. The stock was sold at an average price of $391.61, for a total transaction of $15,664,400.00. Following the sale, the chief technology officer now directly owns 1,657,685 shares of the company’s stock, valued at approximately $649,166,022.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $310.00, for a total value of $2,635,000.00. Insiders have sold a total of 79,039 shares of company stock worth $29,546,058 over the last ninety days. 7.40% of the stock is owned by insiders.
HubSpot, Inc provides a cloud-based marketing, sales, and customer service software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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