HubSpot, Inc. $HUBS Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its stake in HubSpot, Inc. (NYSE:HUBS) by 95.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,326 shares of the software maker’s stock after buying an additional 649 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in HubSpot were worth $758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HUBS. Highview Capital Management LLC DE boosted its stake in shares of HubSpot by 4.5% in the 4th quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker’s stock valued at $2,098,000 after buying an additional 129 shares during the period. Mariner LLC boosted its stake in shares of HubSpot by 4.3% in the 4th quarter. Mariner LLC now owns 5,974 shares of the software maker’s stock valued at $4,163,000 after buying an additional 249 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of HubSpot by 58.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 48,406 shares of the software maker’s stock valued at $33,728,000 after buying an additional 17,818 shares during the period. Forum Financial Management LP purchased a new position in shares of HubSpot in the 4th quarter valued at about $283,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of HubSpot by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 87,019 shares of the software maker’s stock valued at $60,635,000 after buying an additional 5,789 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In related news, CFO Kathryn Bueker sold 615 shares of the company’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer owned 41,086 shares of the company’s stock, valued at $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 2,383 shares of the company’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $1,314,915.57. Following the transaction, the chief executive officer directly owned 63,918 shares in the company, valued at $35,269,313.22. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,998 shares of company stock valued at $10,928,616. Company insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HUBS. Barclays decreased their price objective on HubSpot from $745.00 to $675.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Cantor Fitzgerald started coverage on HubSpot in a research note on Tuesday, June 3rd. They issued an “overweight” rating and a $775.00 price objective for the company. Piper Sandler upgraded HubSpot from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $645.00 to $675.00 in a research note on Thursday, August 7th. Truist Financial decreased their target price on HubSpot from $720.00 to $675.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Finally, The Goldman Sachs Group decreased their target price on HubSpot from $900.00 to $795.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $726.04.

HubSpot Trading Up 2.3%

NYSE:HUBS opened at $439.72 on Monday. The firm has a market cap of $23.17 billion, a P/E ratio of -1,911.83, a PEG ratio of 15.14 and a beta of 1.66. The stock’s 50 day simple moving average is $530.83 and its 200-day simple moving average is $599.89. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.07. The business had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 earnings per share. Research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal 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.