Intellectus Partners LLC Grows Stake in HubSpot, Inc. (NYSE:HUBS)

Intellectus Partners LLC increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 25.4% during the third quarter, Holdings Channel reports. The firm owned 5,725 shares of the software maker’s stock after acquiring an additional 1,160 shares during the quarter. HubSpot makes up 0.8% of Intellectus Partners LLC’s portfolio, making the stock its 26th biggest holding. Intellectus Partners LLC’s holdings in HubSpot were worth $3,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HM Payson & Co. increased its holdings in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after acquiring an additional 25 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after acquiring an additional 27 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of HubSpot by 2.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock valued at $698,000 after acquiring an additional 30 shares during the last quarter. Finally, Quent Capital LLC boosted its position in shares of HubSpot by 13.0% during the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock valued at $154,000 after acquiring an additional 30 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Trading Down 0.5 %

Shares of HUBS stock opened at $696.45 on Friday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $724.61. The stock has a fifty day simple moving average of $547.33 and a two-hundred day simple moving average of $547.24.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. Equities research analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of recent research reports. UBS Group upped their price target on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Raymond James decreased their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Bank of America dropped their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and increased their price target for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was 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. The trade was a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,891 shares of company stock worth $6,662,473. 4.50% of the stock is owned by corporate insiders.

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.