HubSpot, Inc. (NYSE:HUBS) Shares Bought by Concentric Capital Strategies LP

Concentric Capital Strategies LP grew its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 100.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,397 shares of the software maker’s stock after buying an additional 11,217 shares during the quarter. Concentric Capital Strategies LP’s holdings in HubSpot were worth $11,906,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC bought a new position in shares of HubSpot during the second quarter valued at approximately $35,000. HM Payson & Co. lifted its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares in the last quarter. Crewe Advisors LLC raised its holdings in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares in the last quarter. J.Safra Asset Management Corp grew its position in HubSpot by 690.9% in the second 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 in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of HubSpot in the third quarter worth about $62,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Down 0.2 %

NYSE HUBS opened at $721.05 on Monday. The company has a 50-day simple moving average of $597.13 and a two-hundred day simple moving average of $555.74. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $754.56. The firm has a market cap of $37.22 billion, a price-to-earnings ratio of -2,670.46, a PEG ratio of 87.65 and a beta of 1.63.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS 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 company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Equities analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HUBS shares. Citigroup dropped their price objective on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a report on Friday, August 9th. The Goldman Sachs Group raised their price objective on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial reaffirmed 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. BMO Capital Markets upped their price objective on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Raymond James dropped their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

Insiders Place Their Bets

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the sale, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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. Over the last quarter, insiders sold 44,391 shares of company stock worth $29,101,488. Company insiders own 4.50% of the company’s stock.

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.