Cabot Wealth Management Inc. Increases Stock Holdings in HubSpot, Inc. $HUBS

Cabot Wealth Management Inc. raised its stake in HubSpot, Inc. (NYSE:HUBS) by 0.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 6,404 shares of the software maker’s stock after acquiring an additional 31 shares during the period. Cabot Wealth Management Inc.’s holdings in HubSpot were worth $3,565,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA grew its stake in shares of HubSpot by 481.5% in the 1st quarter. Private Trust Co. NA now owns 157 shares of the software maker’s stock valued at $90,000 after purchasing an additional 130 shares during the last quarter. Moody Lynn & Lieberson LLC grew its stake in shares of HubSpot by 2,038.1% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after purchasing an additional 19,973 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of HubSpot by 15.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock valued at $2,888,000 after purchasing an additional 660 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of HubSpot by 74.4% in the 2nd quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock valued at $8,921,000 after purchasing an additional 6,846 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of HubSpot by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock valued at $16,427,000 after purchasing an additional 1,276 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 17,253 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $500.66, for a total value of $8,637,886.98. Following the completion of the transaction, the chief technology officer directly owned 1,275,805 shares of the company’s stock, valued at $638,744,531.30. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,387 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the completion of the transaction, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This trade represents a 4.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,863 shares of company stock valued at $24,641,332. Company insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price target on HubSpot from $650.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Piper Sandler initiated coverage on HubSpot in a report on Thursday, September 4th. They issued an “overweight” rating and a $675.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $775.00 price target on shares of HubSpot in a report on Friday, October 3rd. UBS Group reissued an “outperform” rating on shares of HubSpot in a report on Wednesday, September 3rd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of HubSpot in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $717.75.

HubSpot Stock Performance

Shares of HUBS stock opened at $469.72 on Friday. The stock has a fifty day moving average price of $475.71 and a 200 day moving average price of $533.27. The stock has a market cap of $24.75 billion, a PE ratio of -2,042.26, a P/E/G ratio of 16.20 and a beta of 1.58. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.07. The firm had revenue of $760.87 million during the quarter, compared to analysts’ expectations of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 earnings per share. As a group, equities research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.