Creative Planning Has $3.57 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Creative Planning raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 10.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,706 shares of the software maker’s stock after acquiring an additional 650 shares during the period. Creative Planning’s holdings in HubSpot were worth $3,565,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hazlett Burt & Watson Inc. raised its stake in shares of HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after purchasing an additional 25 shares during the period. Gilbert & Cook Inc. lifted its stake in HubSpot by 1.4% in the 1st quarter. Gilbert & Cook Inc. now owns 1,993 shares of the software maker’s stock valued at $1,249,000 after acquiring an additional 28 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in HubSpot by 2.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock worth $698,000 after acquiring an additional 30 shares during the last quarter. Quent Capital LLC boosted its position in HubSpot by 13.0% during the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after acquiring an additional 30 shares during the last quarter. Finally, Moody National Bank Trust Division grew its stake in shares of HubSpot by 1.6% during the 2nd quarter. Moody National Bank Trust Division now owns 2,063 shares of the software maker’s stock worth $1,217,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 1,374 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $755,700.00. Following the sale, the chief executive officer now owns 61,294 shares of the company’s stock, valued at approximately $33,711,700. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,321 shares of company stock valued at $3,374,089 over the last quarter. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $565.78 on Friday. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The company’s 50 day moving average price is $516.68 and its two-hundred day moving average price is $551.98.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Piper Sandler restated an “overweight” rating and set a $570.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. UBS Group lowered their target price on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Stifel Nicolaus increased their price target on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Citigroup lowered their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $614.33.

About HubSpot

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.