Peterson Wealth Services Acquires 2,822 Shares of HubSpot, Inc. $HUBS

Peterson Wealth Services increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 300.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,761 shares of the software maker’s stock after purchasing an additional 2,822 shares during the quarter. Peterson Wealth Services’ holdings in HubSpot were worth $1,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Goodman Advisory Group LLC bought a new position in shares of HubSpot in the 2nd quarter valued at about $27,000. Whittier Trust Co. boosted its position in HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Exane Asset Management bought a new position in HubSpot in the third quarter valued at approximately $30,000. Rakuten Securities Inc. increased its position in shares of HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after purchasing an additional 47 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in shares of HubSpot during the 2nd quarter worth approximately $32,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Down 2.3%

HubSpot stock opened at $273.66 on Tuesday. The company’s 50-day moving average price is $362.89 and its two-hundred day moving average price is $430.87. The stock has a market cap of $14.34 billion, a P/E ratio of -3,420.79, a P/E/G ratio of 6.65 and a beta of 1.45. HubSpot, Inc. has a twelve month low of $270.46 and a twelve month 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 for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. The company had revenue of $809.52 million for the quarter, compared to analyst estimates of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 earnings per share. Equities analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on HUBS. Barclays decreased their target price on shares of HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Rothschild & Co Redburn restated a “neutral” rating and set a $450.00 price objective (down from $610.00) on shares of HubSpot in a research note on Monday, November 10th. Bank of America cut their target price on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Cantor Fitzgerald reduced their price target on HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $586.73.

Insider Activity

In related news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the transaction, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 25,500 shares of company stock valued at $8,827,080 over the last three months. Insiders own 4.00% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.