Federated Hermes Inc. Boosts Holdings in HubSpot, Inc. (NYSE:HUBS)

Federated Hermes Inc. lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,468 shares of the software maker’s stock after purchasing an additional 2,070 shares during the quarter. Federated Hermes Inc. owned 0.24% of HubSpot worth $72,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Riverview Trust Co bought a new stake in HubSpot in the 1st quarter worth about $27,000. Geneos Wealth Management Inc. increased its holdings in HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares in the last quarter. International Assets Investment Management LLC bought a new stake in HubSpot in the 2nd quarter worth about $35,000. Crewe Advisors LLC increased its holdings in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC grew its stake in shares of HubSpot by 54.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock valued at $48,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on HUBS. Truist Financial restated a “buy” rating and set a $600.00 price target (down from $700.00) on shares of HubSpot in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $730.00 price target on shares of HubSpot in a research note on Thursday, August 8th. UBS Group cut their price objective on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a research note on Thursday, August 8th. Finally, Piper Sandler reiterated an “overweight” rating and set a $570.00 price objective on shares of HubSpot in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

Insiders Place Their Bets

In other news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Kathryn Bueker sold 1,135 shares of HubSpot stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the transaction, the chief financial officer now owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the transaction, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock worth $21,300,253 in the last three months. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $491.22 on Friday. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The firm has a market cap of $25.22 billion, a PE ratio of -185.37, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63. The firm’s 50 day simple moving average is $490.90 and its 200-day simple moving average is $570.38.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.30. The business had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.17) EPS. Equities research analysts predict that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

About HubSpot

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.