Cabot Wealth Management Inc. Acquires Shares of 3,237 HubSpot, Inc. (NYSE:HUBS)

Cabot Wealth Management Inc. bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,237 shares of the software maker’s stock, valued at approximately $1,721,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Riverview Trust Co bought a new position in shares of HubSpot during the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. grew its stake in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares during the period. International Assets Investment Management LLC purchased a new stake in HubSpot in the second quarter worth $35,000. Crewe Advisors LLC grew its stake in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in HubSpot in the first quarter worth $50,000. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $22,692,450. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now directly owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,321 shares of company stock valued at $3,374,089 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several recent research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $625.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Monday. Stifel Nicolaus upped their price target on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. UBS Group cut their target price on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group cut their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $611.83.

HubSpot Trading Down 2.1 %

NYSE:HUBS traded down $11.88 during mid-day trading on Tuesday, hitting $548.21. The stock had a trading volume of 325,431 shares, compared to its average volume of 604,225. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The stock has a 50-day simple moving average of $506.44 and a two-hundred day simple moving average of $556.42. The company has a market capitalization of $27.94 billion, a PE ratio of -211.28, a PEG ratio of 7,193.98 and a beta of 1.64.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period last year, the firm posted ($1.17) earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last 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.