HubSpot, Inc. (NYSE:HUBS) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 48.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 170,663 shares of the software maker’s stock after buying an additional 55,870 shares during the quarter. Federated Hermes Inc. owned 0.33% of HubSpot worth $118,913,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HUBS. Norges Bank bought a new position in HubSpot during the 4th quarter valued at $420,345,000. Wellington Management Group LLP raised its stake in shares of 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. Raymond James Financial Inc. bought a new position in shares of HubSpot during the fourth quarter worth about $157,019,000. Wealthfront Advisers LLC grew its stake in HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after purchasing an additional 129,357 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in HubSpot in the fourth quarter valued at about $79,135,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Down 5.1 %

Shares of HUBS opened at $500.79 on Friday. The firm has a market capitalization of $26.12 billion, a PE ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82. The firm has a 50-day moving average price of $688.31 and a 200 day moving average price of $661.13. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on HUBS shares. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Bank of America raised their price objective on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Piper Sandler boosted their target price on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Morgan Stanley increased their target price on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and lifted their price target for the company from $680.00 to $725.00 in a report on Friday, January 17th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $848.58.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,382 shares of company stock valued at $13,415,657. 4.50% of the stock is owned by corporate insiders.

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.