Creative Planning Boosts Stock Position in HubSpot, Inc. $HUBS

Creative Planning raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 4.3% in the second quarter, Holdings Channel reports. The firm owned 8,293 shares of the software maker’s stock after purchasing an additional 340 shares during the period. Creative Planning’s holdings in HubSpot were worth $4,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in HubSpot by 19.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock worth $5,306,000 after acquiring an additional 1,533 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in HubSpot by 2,038.1% during the second 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. Los Angeles Capital Management LLC boosted its position in HubSpot by 24.1% during the second quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock worth $7,363,000 after purchasing an additional 2,569 shares during the period. Nordea Investment Management AB increased its stake in shares of HubSpot by 74.4% in the second quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock worth $8,921,000 after purchasing an additional 6,846 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of HubSpot by 15.0% in the first 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 period. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Raymond James Financial cut their price objective on shares of HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Truist Financial dropped their target price on HubSpot from $675.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Evercore ISI set a $500.00 price target on HubSpot in a report on Thursday, November 6th. Jefferies Financial Group decreased their price objective on HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, Mizuho dropped their price objective on HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $617.23.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $307,500.00. Following the sale, the chief financial officer owned 38,794 shares in the company, valued at $19,397,000. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Dharmesh Shah sold 17,253 shares of HubSpot stock in a transaction dated 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 sale, the chief technology officer directly owned 1,275,805 shares of the company’s stock, valued at approximately $638,744,531.30. This trade represents a 1.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,098 shares of company stock valued at $24,062,552 over the last ninety days. 4.00% of the stock is currently owned by insiders.

HubSpot Trading Down 0.6%

HUBS stock opened at $355.09 on Friday. The company’s 50 day moving average is $453.30 and its 200 day moving average is $512.03. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of -4,438.63, a price-to-earnings-growth ratio of 12.12 and a beta of 1.60. HubSpot, Inc. has a 1-year low of $344.41 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last announced its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.08. The business had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. HubSpot’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.18 earnings per share. As a group, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

HubSpot Company 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.