US Bancorp DE Buys 356 Shares of HubSpot, Inc. (NYSE:HUBS)

US Bancorp DE increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 17.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,421 shares of the software maker’s stock after purchasing an additional 356 shares during the period. US Bancorp DE’s holdings in HubSpot were worth $1,287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. HM Payson & Co. boosted its stake in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of HubSpot by 14.7% during the third quarter. First Trust Direct Indexing L.P. now owns 2,096 shares of the software maker’s stock valued at $1,114,000 after purchasing an additional 268 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in shares of HubSpot by 31.2% during the third quarter. Avitas Wealth Management LLC now owns 2,021 shares of the software maker’s stock valued at $1,074,000 after purchasing an additional 481 shares in the last quarter. Highview Capital Management LLC DE bought a new position in shares of HubSpot during the third quarter valued at approximately $1,532,000. Finally, abrdn plc boosted its stake in shares of HubSpot by 43.1% during the third quarter. abrdn plc now owns 31,541 shares of the software maker’s stock valued at $16,767,000 after purchasing an additional 9,496 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,937 shares of company stock worth $3,194,673. 4.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Raymond James lowered their target price on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets raised their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Truist Financial restated a “buy” rating and issued a $600.00 target price (down from $700.00) on shares of HubSpot in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $648.46.

HubSpot Price Performance

Shares of HubSpot stock opened at $643.74 on Friday. The firm has a fifty day moving average price of $529.41 and a 200 day moving average price of $545.99. HubSpot, Inc. has a 1 year low of $413.07 and a 1 year high of $693.85. The stock has a market cap of $33.06 billion, a PE ratio of -1,213.37, a price-to-earnings-growth ratio of 7,506.16 and a beta of 1.63.

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

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.