Citigroup Inc. Raises Position in HubSpot, Inc. (NYSE:HUBS)

Citigroup Inc. boosted its position in HubSpot, Inc. (NYSE:HUBS) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,285 shares of the software maker’s stock after purchasing an additional 3,895 shares during the period. Citigroup Inc. owned about 0.05% of HubSpot worth $13,973,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research firms recently commented on HUBS. BMO Capital Markets boosted their target price on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Oppenheimer boosted their price objective on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group raised their target price on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price target on shares of HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $672.68.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction on 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 in the company, valued at $5,322,100. This trade represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock worth $29,101,488 over the last quarter. Insiders own 4.50% of the company’s stock.

HubSpot Stock Down 1.0 %

HubSpot stock opened at $722.76 on Friday. The company’s 50-day moving average price is $593.23 and its 200-day moving average price is $555.52. The company has a market cap of $37.31 billion, a PE ratio of -2,676.79, a price-to-earnings-growth ratio of 88.96 and a beta of 1.63. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $754.56.

HubSpot (NYSE:HUBS) last released its quarterly 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 company 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 firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. As a group, sell-side analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

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.