Eagle Asset Management Inc. Acquires 14,984 Shares of HubSpot, Inc. (NYSE:HUBS)

Eagle Asset Management Inc. boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 10.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 161,840 shares of the software maker’s stock after buying an additional 14,984 shares during the period. Eagle Asset Management Inc.’s holdings in HubSpot were worth $86,034,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in HubSpot during the second quarter worth about $35,000. HM Payson & Co. lifted its stake in HubSpot by 36.0% during 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. Crewe Advisors LLC lifted its stake in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after purchasing an additional 76 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HUBS. Oppenheimer boosted their target price on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Bank of America lowered their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group boosted their target price on HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their target price on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $672.68.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock worth $29,101,488 in the last 90 days. Insiders own 4.50% of the company’s stock.

HubSpot Stock Up 3.4 %

HubSpot stock opened at $718.24 on Friday. The company has a market capitalization of $37.08 billion, a P/E ratio of -2,660.15, a PEG ratio of 82.97 and a beta of 1.63. The stock’s 50 day moving average is $570.51 and its 200 day moving average is $551.07. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $728.90.

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

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.