HubSpot, Inc. (NYSE:HUBS) Stake Boosted by Caprock Group LLC

Caprock Group LLC raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 16.8% in the 3rd quarter, Holdings Channel reports. The firm owned 673 shares of the software maker’s stock after purchasing an additional 97 shares during the quarter. Caprock Group LLC’s holdings in HubSpot were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $35,000. HM Payson & Co. increased its position in HubSpot by 36.0% in 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 period. Crewe Advisors LLC lifted its stake in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after acquiring an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of HubSpot by 41.6% during the second 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 during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Up 3.1 %

Shares of HubSpot stock opened at $742.61 on Friday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $745.49. The stock has a market cap of $38.33 billion, a PE ratio of -2,750.31, a price-to-earnings-growth ratio of 87.52 and a beta of 1.63. The business has a fifty day simple moving average of $575.54 and a 200-day simple moving average of $551.49.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company posted ($0.04) EPS. Analysts expect that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HUBS has been the topic of several recent research reports. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective on the stock in a research report on Thursday, August 8th. Truist Financial reiterated a “buy” rating and set a $750.00 price objective (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research report on Thursday, November 7th. Royal Bank of Canada boosted their price target on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $672.68.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 4,381 shares of HubSpot stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $28,881,300. The trade was a 9.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,391 shares of company stock valued at $29,101,488. Corporate insiders own 4.50% of the company’s stock.

HubSpot Company 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.