Empire Life Investments Inc. Acquires 5,663 Shares of HubSpot, Inc. (NYSE:HUBS)

Empire Life Investments Inc. grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 95.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,600 shares of the software maker’s stock after buying an additional 5,663 shares during the period. Empire Life Investments Inc.’s holdings in HubSpot were worth $6,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HUBS. M&G Plc bought a new stake in shares of HubSpot in the 1st quarter valued at about $8,533,000. Headlands Technologies LLC purchased a new position in shares of HubSpot in the 2nd quarter valued at approximately $3,135,000. Pallas Capital Advisors LLC purchased a new stake in HubSpot during the 3rd quarter worth approximately $624,000. Mirae Asset Global Investments Co. Ltd. increased its stake in HubSpot by 34.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,775 shares of the software maker’s stock valued at $9,257,000 after purchasing an additional 3,750 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC purchased a new stake in shares of HubSpot during the second quarter valued at $1,346,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $22,692,450. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,937 shares of company stock worth $3,194,673 in the last ninety days. Insiders own 4.50% of the company’s stock.

HubSpot Stock Up 1.9 %

NYSE:HUBS opened at $565.23 on Friday. HubSpot, Inc. has a 52-week low of $408.62 and a 52-week high of $693.85. The stock has a fifty day simple moving average of $524.47 and a 200-day simple moving average of $547.20. The company has a market capitalization of $29.02 billion, a PE ratio of -1,046.70, a price-to-earnings-growth ratio of 7,376.40 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same period last year, the firm posted ($1.17) EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group decreased their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $730.00 price target on shares of HubSpot in a report on Monday, October 14th. Evercore ISI raised their price target on shares of HubSpot from $550.00 to $610.00 and gave the company an “in-line” rating in a research note on Wednesday, October 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $570.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Finally, KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $614.33.

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.