Brighton Jones LLC Purchases 2,780 Shares of HubSpot, Inc. $HUBS

Brighton Jones LLC boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 69.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 6,770 shares of the software maker’s stock after acquiring an additional 2,780 shares during the quarter. Brighton Jones LLC’s holdings in HubSpot were worth $1,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Access Investment Management LLC acquired a new position in shares of HubSpot in the third quarter valued at about $32,000. Elevation Wealth Partners LLC raised its stake in shares of HubSpot by 66.7% in the third quarter. Elevation Wealth Partners LLC now owns 175 shares of the software maker’s stock worth $36,000 after purchasing an additional 70 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of HubSpot in the second quarter worth about $38,000. Provenance Wealth Advisors LLC raised its stake in shares of HubSpot by 152.2% in the third quarter. Provenance Wealth Advisors LLC now owns 290 shares of the software maker’s stock worth $59,000 after purchasing an additional 175 shares during the last quarter. Finally, CX Institutional lifted its holdings in shares of HubSpot by 4,785.7% during the second quarter. CX Institutional now owns 342 shares of the software maker’s stock worth $62,000 after purchasing an additional 335 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In related news, insider Erika Fisher sold 702 shares of HubSpot stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $227.72, for a total transaction of $159,859.44. Following the completion of the transaction, the insider directly owned 12,829 shares in the company, valued at approximately $2,921,419.88. This trade represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $239.57, for a total value of $2,036,345.00. Following the completion of the transaction, the director directly owned 59,500 shares of the company’s stock, valued at $14,254,415. The trade was a 12.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,202 shares of company stock worth $6,149,894. 3.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Canaccord Genuity Group dropped their target price on HubSpot from $335.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Bank of America reiterated an “underperform” rating and issued a $200.00 price target on shares of HubSpot in a report on Thursday, August 6th. Citigroup reduced their price target on shares of HubSpot from $287.00 to $230.00 and set a “neutral” rating for the company in a research report on Friday, November 6th. Weiss Ratings upgraded shares of HubSpot from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. Finally, Morgan Stanley cut shares of HubSpot from an “overweight” rating to an “equal weight” rating and set a $229.00 price objective for the company. in a research note on Thursday, November 5th. Eight investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, HubSpot has an average rating of “Hold” and a consensus price target of $251.23.

HubSpot Stock Performance

Shares of HUBS opened at $197.21 on Wednesday. The business’s 50-day moving average is $229.70 and its two-hundred day moving average is $228.80. The company has a market capitalization of $9.63 billion, a P/E ratio of 47.07, a P/E/G ratio of 2.13 and a beta of 1.14. HubSpot, Inc. has a fifty-two week low of $169.63 and a fifty-two week high of $406.94.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 4th. The software maker reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.54. HubSpot had a return on equity of 12.18% and a net margin of 5.95%. The business had revenue of $947.57 million during the quarter, compared to analysts’ expectations of $925.50 million. During the same quarter in the previous year, the firm posted $2.66 EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Analysts forecast that HubSpot, Inc. will post 4.71 EPS for the current year.

HubSpot Profile

HubSpot, Inc. develops cloud-based customer relationship management software designed to help businesses attract and engage customers, manage sales, and provide customer support. Founded in 2006 by Brian Halligan and Dharmesh Shah, the company helped popularize inbound marketing, an approach focused on drawing customers in with useful content and experiences. Its platform combines a central CRM with products for marketing, sales, customer service, content management, operations, and commerce. HubSpot also offers automation, analytics, and artificial intelligence features to help organizations manage customer interactions and coordinate business processes.