Bridges Investment Management Inc. Buys Shares of 342 HubSpot, Inc. (NYSE:HUBS)

Bridges Investment Management Inc. acquired a new position in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 342 shares of the software maker’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares during the last quarter. Geode Capital Management LLC grew its stake in HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after buying an additional 19,974 shares during the last quarter. Bank of New York Mellon Corp grew its stake in HubSpot by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after buying an additional 24,799 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after buying an additional 86,688 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in HubSpot by 8.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock worth $280,186,000 after buying an additional 40,138 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Price Performance

HUBS stock opened at $706.84 on Tuesday. The business has a 50 day simple moving average of $739.53 and a 200-day simple moving average of $644.10. The firm has a market capitalization of $36.86 billion, a PE ratio of 7,854.65, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, equities research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $374,819,745.70. This represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,997 shares of company stock worth $35,796,526. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HUBS shares. Evercore ISI boosted their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Needham & Company LLC lifted their price target on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company lifted their price target on HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Truist Financial reaffirmed a “buy” rating and set a $900.00 price target (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Finally, Raymond James lifted their price target on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $863.96.

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.