Moran Wealth Management LLC Purchases 531 Shares of HubSpot, Inc. (NYSE:HUBS)

Moran Wealth Management LLC boosted its position in HubSpot, Inc. (NYSE:HUBS) by 70.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,285 shares of the software maker’s stock after acquiring an additional 531 shares during the period. Moran Wealth Management LLC’s holdings in HubSpot were worth $683,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the second quarter valued at approximately $35,000. HM Payson & Co. lifted its position in shares of HubSpot by 36.0% during the third 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 lifted its position 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 boosted its holdings in shares of 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 during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after purchasing an additional 32 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Up 3.4 %

Shares of NYSE:HUBS opened at $718.24 on Friday. The stock has a market cap of $37.08 billion, a PE ratio of -2,660.15, a PEG ratio of 82.97 and a beta of 1.63. The company’s fifty day moving average is $570.51 and its 200 day moving average is $551.07. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $728.90.

HubSpot (NYSE:HUBS) last released its quarterly earnings data 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 return on equity of 1.16% and a negative net margin of 0.56%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Sell-side analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $21,695,632.56. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,391 shares of company stock valued at $29,101,488 over the last three months. 4.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on HUBS. Canaccord Genuity Group raised their target price on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Citigroup reduced their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Barclays increased their target price on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research report on Thursday, August 8th. Finally, Truist Financial reiterated a “buy” rating and issued a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $672.68.

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.