Paloma Partners Management Co Takes $3.72 Million Position in HubSpot, Inc. (NYSE:HUBS)

Paloma Partners Management Co acquired a new position in HubSpot, Inc. (NYSE:HUBS) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,000 shares of the software maker’s stock, valued at approximately $3,721,000.

Several other institutional investors have also recently made changes to their positions in HUBS. International Assets Investment Management LLC bought a new position in HubSpot in the 2nd quarter worth approximately $35,000. HM Payson & Co. boosted 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 during the last quarter. Crewe Advisors LLC boosted 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 during the last quarter. J.Safra Asset Management Corp grew its stake in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after acquiring an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in HubSpot by 41.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after acquiring an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 116 shares of the stock in a transaction on 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 owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock worth $29,101,488 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Evercore ISI raised their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $750.00 price objective (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Wells Fargo & Company raised their target price on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group upped their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $672.68.

HubSpot Stock Down 0.2 %

Shares of HubSpot stock opened at $721.05 on Monday. The stock’s fifty day moving average is $597.13 and its two-hundred day moving average is $555.74. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $754.56. The company has a market capitalization of $37.22 billion, a PE ratio of -2,670.46, a price-to-earnings-growth ratio of 87.65 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, research analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current year.

HubSpot 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.