HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in HubSpot, Inc. (NYSE:HUBS) by 16.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 690 shares of the software maker’s stock after acquiring an additional 100 shares during the period. Sequoia Financial Advisors LLC’s holdings in HubSpot were worth $367,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of HubSpot by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after buying an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after buying an additional 176,336 shares during the last quarter. Jennison Associates LLC raised its position in HubSpot by 62.1% during the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after buying an additional 604,554 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in HubSpot by 0.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock worth $285,804,000 after buying an additional 3,775 shares during the last quarter. Finally, Capital Research Global Investors raised its position in HubSpot by 0.9% during the 1st quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock worth $283,337,000 after buying an additional 4,242 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the transaction, the insider now directly owns 9,735 shares in the company, valued at approximately $4,548,484.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,321 shares of company stock worth $3,374,089. Corporate insiders own 4.50% of the company’s stock.

HubSpot Price Performance

HUBS opened at $557.37 on Tuesday. The business has a fifty day simple moving average of $519.22 and a 200 day simple moving average of $548.87. The company has a market capitalization of $28.40 billion, a PE ratio of -210.33, a price-to-earnings-growth ratio of 7,068.33 and a beta of 1.64. HubSpot, Inc. has a 1 year low of $408.62 and a 1 year high of $693.85.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same period in the prior year, the company posted ($1.17) EPS. The company’s revenue was up 20.4% compared to the same quarter last year.

Analyst Ratings Changes

A number of brokerages have commented on HUBS. Royal Bank of Canada restated an “outperform” rating and set a $700.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Bank of America cut their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $570.00 price target on shares of HubSpot in a report on Thursday, September 19th. Raymond James cut their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial reiterated a “buy” rating and issued a $600.00 price target (down previously from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $614.33.

HubSpot Company 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.