Norris Perne & French LLP MI Purchases 1,621 Shares of HubSpot, Inc. (NYSE:HUBS)

Norris Perne & French LLP MI raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 4.7% in the third quarter, HoldingsChannel.com reports. The firm owned 35,772 shares of the software maker’s stock after buying an additional 1,621 shares during the period. Norris Perne & French LLP MI’s holdings in HubSpot were worth $19,016,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of HubSpot by 7.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,859 shares of the software maker’s stock valued at $1,165,000 after buying an additional 123 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of HubSpot by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 126,557 shares of the software maker’s stock worth $79,296,000 after purchasing an additional 714 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of HubSpot by 10.9% in the first quarter. First Trust Direct Indexing L.P. now owns 1,546 shares of the software maker’s stock valued at $969,000 after purchasing an additional 152 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of HubSpot by 4.3% during the first quarter. Maryland State Retirement & Pension System now owns 3,637 shares of the software maker’s stock valued at $2,344,000 after buying an additional 151 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of HubSpot by 5.6% during the first quarter. Private Advisor Group LLC now owns 1,296 shares of the software maker’s stock valued at $812,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS stock opened at $555.22 on Friday. The company has a market capitalization of $28.51 billion, a PE ratio of -1,028.19, a price-to-earnings-growth ratio of 7,460.42 and a beta of 1.64. HubSpot, Inc. has a 52-week low of $408.62 and a 52-week high of $693.85. The business’s fifty day moving average is $523.23 and its 200 day moving average is $548.31.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.17) EPS.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the company’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 directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,937 shares of company stock valued at $3,194,673 over the last three months. 4.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $700.00 price target on shares of HubSpot in a report on Thursday, September 19th. Citigroup lowered their target price on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Evercore ISI increased their price target on shares of HubSpot from $550.00 to $610.00 and gave the company an “in-line” rating in a research report on Wednesday, October 23rd. Finally, Barclays lowered their price objective on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $614.33.

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.