Norris Perne & French LLP MI Purchases 1,621 Shares of HubSpot, Inc. (NYSE:HUBS)

Norris Perne & French LLP MI grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,772 shares of the software maker’s stock after purchasing an additional 1,621 shares during the quarter. Norris Perne & French LLP MI owned approximately 0.07% of HubSpot worth $19,016,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HUBS. Wealth Enhancement Advisory Services LLC increased its position in shares of HubSpot by 7.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,859 shares of the software maker’s stock valued at $1,165,000 after buying an additional 123 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in HubSpot by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 126,557 shares of the software maker’s stock worth $79,296,000 after purchasing an additional 714 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of HubSpot by 10.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 1,546 shares of the software maker’s stock valued at $969,000 after purchasing an additional 152 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of HubSpot by 4.3% during the first quarter. Maryland State Retirement & Pension System now owns 3,637 shares of the software maker’s stock worth $2,344,000 after buying an additional 151 shares during the period. Finally, Private Advisor Group LLC grew its holdings in shares of HubSpot by 5.6% during the first quarter. Private Advisor Group LLC now owns 1,296 shares of the software maker’s stock worth $812,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price objective on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus lifted their target price on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and issued a $700.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Truist Financial restated a “buy” rating and set a $600.00 target price (down from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Monday, October 14th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $614.33.

HubSpot Trading Down 1.0 %

Shares of HUBS opened at $555.22 on Friday. The firm’s 50 day moving average is $523.23 and its 200-day moving average is $548.31. HubSpot, Inc. has a 12 month low of $408.62 and a 12 month high of $693.85. The stock has a market capitalization of $28.51 billion, a PE ratio of -1,028.19, a P/E/G ratio of 7,460.42 and a beta of 1.64.

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

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 1,136 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $21,695,632.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,937 shares of company stock worth $3,194,673 over the last three months. Corporate insiders own 4.50% of the company’s stock.

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.