Allspring Global Investments Holdings LLC Has $69.66 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Allspring Global Investments Holdings LLC grew its stake in HubSpot, Inc. (NYSE:HUBS) by 18.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,175 shares of the software maker’s stock after purchasing an additional 17,561 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.22% of HubSpot worth $69,658,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Riverview Trust Co bought a new stake in shares of HubSpot in the 1st quarter valued at $27,000. Rakuten Securities Inc. bought a new stake in shares of HubSpot in the 4th quarter valued at $29,000. Venturi Wealth Management LLC increased its position in shares of HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares in the last quarter. Larson Financial Group LLC increased its holdings in HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after purchasing an additional 69 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in HubSpot during the 4th quarter worth about $50,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other HubSpot news, insider Dawson Alyssa Harvey sold 192 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the sale, the insider now directly owns 10,860 shares in the company, valued at $7,059,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Dawson Alyssa Harvey sold 192 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the transaction, the insider now directly owns 10,860 shares of the company’s stock, valued at $7,059,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The disclosure for this sale can be found here. Insiders sold 17,479 shares of company stock worth $11,043,280 over the last three months. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on HUBS shares. Wells Fargo & Company increased their target price on HubSpot from $725.00 to $750.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. BMO Capital Markets lowered their target price on HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 target price on shares of HubSpot in a report on Thursday, May 9th. Citigroup lowered their target price on HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, Barclays lowered their target price on HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $641.00.

HubSpot Trading Down 1.5 %

Shares of HUBS stock opened at $583.82 on Wednesday. The firm has a 50 day moving average price of $600.56 and a two-hundred day moving average price of $603.89. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $29.75 billion, a PE ratio of -220.43 and a beta of 1.60. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.27. The firm had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. As a group, analysts predict that HubSpot, Inc. will post -0.55 earnings per share for the current year.

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.