EP Wealth Advisors LLC Buys Shares of 723 HubSpot, Inc. (NYSE:HUBS)

EP Wealth Advisors LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the third quarter, according to its most recent filing with the SEC. The firm purchased 723 shares of the software maker’s stock, valued at approximately $384,000.

Several other large investors have also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its stake in HubSpot by 11.1% in the second quarter. Sequoia Financial Advisors LLC now owns 590 shares of the software maker’s stock valued at $348,000 after acquiring an additional 59 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of HubSpot by 14.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,124 shares of the software maker’s stock worth $1,253,000 after acquiring an additional 265 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of HubSpot by 12.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,548 shares of the software maker’s stock valued at $913,000 after acquiring an additional 173 shares in the last quarter. Swedbank AB grew its position in HubSpot by 2.5% during the 2nd quarter. Swedbank AB now owns 25,920 shares of the software maker’s stock worth $15,287,000 after purchasing an additional 632 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of HubSpot by 21.0% during the second quarter. Blue Trust Inc. now owns 456 shares of the software maker’s stock worth $286,000 after buying an additional 79 shares during the period. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $792,440.88. Following the completion of the sale, the chief executive officer now owns 62,668 shares in the company, valued at $32,953,341.12. This represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,390 shares of company stock worth $29,126,596 in the last ninety days. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Performance

Shares of HUBS opened at $734.25 on Friday. The stock has a 50-day simple moving average of $629.72 and a 200-day simple moving average of $563.11. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47. The stock has a market capitalization of $37.90 billion, a PE ratio of -2,695.63, a PEG ratio of 90.16 and a beta of 1.70.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the previous year, the company earned ($0.04) EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. Analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Evercore ISI upped their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research report on Monday. UBS Group upped their price objective on HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $684.27.

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.