Brown Brothers Harriman & Co. Increases Position in HubSpot, Inc. (NYSE:HUBS)

Brown Brothers Harriman & Co. boosted its position in HubSpot, Inc. (NYSE:HUBS) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 555 shares of the software maker’s stock after purchasing an additional 73 shares during the period. Brown Brothers Harriman & Co.’s holdings in HubSpot were worth $295,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Prosperity Financial Group Inc. lifted its stake in HubSpot by 9.1% in the third quarter. Prosperity Financial Group Inc. now owns 602 shares of the software maker’s stock valued at $320,000 after purchasing an additional 50 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of HubSpot by 0.5% during the third quarter. Fisher Asset Management LLC now owns 55,825 shares of the software maker’s stock worth $29,677,000 after acquiring an additional 281 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of HubSpot by 12.1% in the third quarter. Daiwa Securities Group Inc. now owns 4,166 shares of the software maker’s stock worth $2,215,000 after purchasing an additional 450 shares during the period. Crewe Advisors LLC increased its holdings in shares of HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after purchasing an additional 28 shares during the period. Finally, Swedbank AB increased its holdings in shares of HubSpot by 1.7% in the third quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock worth $14,014,000 after purchasing an additional 441 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 1.1 %

Shares of HUBS opened at $722.12 on Thursday. The company has a market capitalization of $37.28 billion, a P/E ratio of -2,674.42, a price-to-earnings-growth ratio of 88.96 and a beta of 1.63. The firm has a 50 day moving average of $589.38 and a 200 day moving average of $554.35. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $754.56.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. On average, sell-side analysts expect that HubSpot, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

HUBS has been the topic of a number of research analyst reports. Raymond James reduced their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada upped their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Citigroup dropped their target price on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a report on Friday, August 9th. Truist Financial reiterated a “buy” rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Finally, Evercore ISI increased their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock valued at $29,101,488 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

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.