2,110 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Retireful LLC

Retireful LLC bought a new position in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, Holdings Channel reports. The fund bought 2,110 shares of the software maker’s stock, valued at approximately $1,470,000.

Several other institutional investors have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. acquired a new stake in shares of HubSpot in the second quarter valued at about $239,000. Dimensional Fund Advisors LP boosted its stake in HubSpot by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 77,292 shares of the software maker’s stock valued at $45,586,000 after purchasing an additional 6,138 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in HubSpot by 12.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 752 shares of the software maker’s stock valued at $444,000 after buying an additional 82 shares during the last quarter. Amalgamated Bank increased its position in HubSpot by 3.6% in the 2nd quarter. Amalgamated Bank now owns 3,303 shares of the software maker’s stock worth $1,948,000 after buying an additional 114 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of HubSpot by 12.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,413 shares of the software maker’s stock worth $3,193,000 after buying an additional 620 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Up 1.3 %

HUBS stock opened at $718.34 on Friday. The business has a fifty day moving average price of $711.05 and a 200 day moving average price of $584.33. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $762.47.

HubSpot (NYSE:HUBS) last announced 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. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts anticipate that HubSpot, Inc. will post 0.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of research reports. Barclays boosted their target price on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Truist Financial restated a “buy” rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. JPMorgan Chase & Co. increased their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley boosted their price target on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Evercore ISI raised their price objective on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $719.30.

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.