HubSpot, Inc. $HUBS Shares Purchased by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 282.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,974 shares of the software maker’s stock after buying an additional 3,673 shares during the period. Mayflower Financial Advisors LLC’s holdings in HubSpot were worth $1,996,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of HubSpot by 88.5% during the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after acquiring an additional 737 shares during the period. Intech Investment Management LLC boosted its holdings in HubSpot by 16.9% in the second quarter. Intech Investment Management LLC now owns 1,480 shares of the software maker’s stock valued at $824,000 after purchasing an additional 214 shares during the period. Charles Schwab Investment Management Inc. grew its stake in HubSpot by 4.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 235,194 shares of the software maker’s stock worth $130,916,000 after purchasing an additional 10,423 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in HubSpot by 6.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock worth $262,000 after purchasing an additional 28 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in HubSpot by 2.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,961 shares of the software maker’s stock worth $1,091,000 after purchasing an additional 39 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the sale, the director directly owned 370,558 shares in the company, valued at $97,364,114.50. This trade represents a 2.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,691 shares of company stock valued at $7,250,662 in the last 90 days. Insiders own 4.00% of the company’s stock.

HubSpot Stock Performance

HUBS opened at $245.24 on Friday. HubSpot, Inc. has a one year low of $207.20 and a one year high of $682.57. The company has a market cap of $12.93 billion, a P/E ratio of 281.89, a PEG ratio of 3.55 and a beta of 1.40. The business’s 50-day simple moving average is $264.81 and its 200-day simple moving average is $369.56.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. The firm had revenue of $846.75 million during the quarter, compared to analysts’ expectations of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.32 earnings per share. As a group, analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HUBS shares. Mizuho reduced their price target on HubSpot from $550.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. Cantor Fitzgerald upped their target price on shares of HubSpot from $280.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Oppenheimer reduced their target price on shares of HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Jefferies Financial Group decreased their price target on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, Citigroup boosted their price target on shares of HubSpot from $600.00 to $640.00 and gave the stock a “buy” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $443.34.

HubSpot 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.