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

Peterson Wealth Services lifted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 300.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,761 shares of the software maker’s stock after acquiring an additional 2,822 shares during the quarter. Peterson Wealth Services’ holdings in HubSpot were worth $1,759,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in HubSpot by 5.9% during the 2nd quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock worth $242,000 after purchasing an additional 24 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of HubSpot by 4.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock worth $332,000 after buying an additional 27 shares during the period. Insigneo Advisory Services LLC raised its stake in shares of HubSpot by 6.3% during the second quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock worth $262,000 after buying an additional 28 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in HubSpot by 5.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock valued at $244,000 after buying an additional 28 shares during the period. Finally, Asset Dedication LLC boosted its stake in HubSpot by 27.1% in the second quarter. Asset Dedication LLC now owns 136 shares of the software maker’s stock valued at $76,000 after acquiring an additional 29 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the subject of several recent research reports. Cantor Fitzgerald dropped their target price on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. UBS Group dropped their price objective on HubSpot from $600.00 to $450.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Rothschild Redb cut HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Morgan Stanley decreased their target price on HubSpot from $640.00 to $577.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Finally, BTIG Research started coverage on shares of HubSpot in a research report on Monday, January 5th. They issued a “buy” rating and a $500.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $586.73.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the transaction, the director directly owned 487,344 shares of the company’s stock, valued at $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 25,500 shares of company stock valued at $8,827,080 in the last 90 days. Insiders own 4.00% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS opened at $273.66 on Tuesday. The stock has a 50 day simple moving average of $362.89 and a 200 day simple moving average of $430.87. HubSpot, Inc. has a 52-week low of $270.46 and a 52-week high of $881.13. The firm has a market capitalization of $14.34 billion, a PE ratio of -3,420.79, a P/E/G ratio of 6.65 and a beta of 1.45.

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

About HubSpot

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.