Wealth Enhancement Advisory Services LLC Raises Position in HubSpot, Inc. $HUBS

Wealth Enhancement Advisory Services LLC raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 58.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,343 shares of the software maker’s stock after buying an additional 3,074 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in HubSpot were worth $3,757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC grew its position in HubSpot by 548.6% during the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after acquiring an additional 672,158 shares during the last quarter. Norges Bank purchased a new position in shares of HubSpot in the second quarter worth $269,941,000. Neuberger Berman Group LLC increased its stake in shares of HubSpot by 166.2% in the second quarter. Neuberger Berman Group LLC now owns 321,679 shares of the software maker’s stock worth $179,055,000 after buying an additional 200,844 shares during the period. Vanguard Group Inc. raised its holdings in HubSpot by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock valued at $3,000,926,000 after buying an additional 144,507 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in HubSpot by 35.0% during the 2nd quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock valued at $209,335,000 after buying an additional 97,469 shares during the period. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Up 1.5%

Shares of HUBS stock opened at $324.36 on Wednesday. The business’s fifty day moving average is $368.43 and its 200 day moving average is $437.81. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of -4,023.50, a PEG ratio of 7.79 and a beta of 1.46. HubSpot, Inc. has a twelve month low of $300.09 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.58 by $0.08. The business had revenue of $809.52 million during 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 company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.18 earnings per share. Equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were 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 owned 487,344 shares of the company’s stock, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 25,735 shares of company stock valued at $8,943,006 in the last 90 days. 4.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HUBS has been the subject of several recent analyst reports. Piper Sandler lowered their price objective on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Zacks Research lowered HubSpot from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Mizuho dropped their price objective on HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $517.00 price objective on shares of HubSpot in a research report on Wednesday. Finally, Rothschild & Co Redburn restated a “neutral” rating and set a $450.00 target price (down previously from $610.00) on shares of HubSpot in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $598.23.

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.