HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Peterson Wealth Services

Peterson Wealth Services boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 6.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,577 shares of the software maker’s stock after buying an additional 90 shares during the quarter. Peterson Wealth Services’ holdings in HubSpot were worth $1,099,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Geode Capital Management LLC increased its holdings in HubSpot by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after purchasing an additional 19,974 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in HubSpot by 17.9% in 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 purchasing an additional 86,688 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in HubSpot by 8.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after purchasing an additional 40,138 shares in the last quarter. Finally, Holocene Advisors LP increased its holdings in HubSpot by 17.5% in the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after purchasing an additional 47,736 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the sale, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’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 transaction of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,112 shares of company stock valued at $51,432,627 over the last quarter. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HUBS. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and increased their price target for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Evercore ISI raised their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their target price on HubSpot from $810.00 to $835.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Morgan Stanley raised their target price on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Oppenheimer raised their target price on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $732.88.

HubSpot Price Performance

Shares of NYSE HUBS opened at $802.51 on Tuesday. The firm’s 50-day moving average price is $729.04 and its two-hundred day moving average price is $612.33. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $811.79.

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.