Crewe Advisors LLC Grows Stake in HubSpot, Inc. (NYSE:HUBS)

Crewe Advisors LLC lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 37.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103 shares of the software maker’s stock after purchasing an additional 28 shares during the quarter. Crewe Advisors LLC’s holdings in HubSpot were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after buying an additional 86,688 shares during the last quarter. Marshall Wace LLP boosted its stake in HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after purchasing an additional 113,555 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of HubSpot by 49.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock worth $110,489,000 after purchasing an additional 68,827 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of HubSpot by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 194,538 shares of the software maker’s stock valued at $103,416,000 after purchasing an additional 4,331 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in shares of HubSpot by 1.2% during the second quarter. Fiera Capital Corp now owns 166,519 shares of the software maker’s stock valued at $98,211,000 after buying an additional 2,019 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a research note on Thursday, August 8th. Bank of America cut their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI increased their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their price objective on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Truist Financial reiterated a “buy” rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $672.68.

HubSpot Trading Up 3.1 %

HUBS stock opened at $742.61 on Monday. The company has a fifty day simple moving average of $575.54 and a two-hundred day simple moving average of $551.22. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $745.49.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned ($0.04) EPS. On average, equities analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Activity

In other news, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $21,695,632.56. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,391 shares of company stock worth $29,101,488. 4.50% of the stock is currently owned by corporate 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.