HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Broderick Brian C

Broderick Brian C increased its stake in HubSpot, Inc. (NYSE:HUBS) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the software maker’s stock after purchasing an additional 1,000 shares during the quarter. Broderick Brian C’s holdings in HubSpot were worth $1,880,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HUBS. Vanguard Group Inc. lifted its holdings in HubSpot by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after acquiring an additional 119,999 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in HubSpot by 10.1% in the 4th quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock valued at $13,022,000 after acquiring an additional 2,057 shares during the last quarter. Stifel Financial Corp lifted its stake in HubSpot by 15.1% during the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock valued at $19,302,000 after buying an additional 4,371 shares in the last quarter. Strs Ohio lifted its stake in HubSpot by 1,203.0% during the fourth quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock valued at $11,611,000 after buying an additional 18,466 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in HubSpot by 19.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock valued at $13,089,000 after buying an additional 3,671 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

HUBS stock traded down $2.54 during midday trading on Thursday, hitting $489.77. The stock had a trading volume of 1,764,750 shares, compared to its average volume of 614,941. The firm has a market capitalization of $24.96 billion, a price-to-earnings ratio of -184.82 and a beta of 1.60. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The stock has a 50-day simple moving average of $590.05 and a 200 day simple moving average of $602.95. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.27. The firm had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. As a group, equities research analysts anticipate that HubSpot, Inc. will post -0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on HUBS shares. Barclays reduced their price objective on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. Citigroup reduced their price objective on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Piper Sandler dropped their target price on HubSpot from $675.00 to $655.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. TD Cowen dropped their target price on HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Stifel Nicolaus dropped their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $637.15.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Kathryn Bueker sold 3,937 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the sale, the chief financial officer now directly owns 45,737 shares in the company, valued at $28,197,317.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. Insiders sold 46,491 shares of company stock worth $28,092,844 over the last three months. 4.50% of the stock is currently 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.