Cabot Wealth Management Inc. Purchases Shares of 3,237 HubSpot, Inc. (NYSE:HUBS)

Cabot Wealth Management Inc. bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,237 shares of the software maker’s stock, valued at approximately $1,721,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in HubSpot by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after buying an additional 119,999 shares during the period. PNC Financial Services Group Inc. grew its stake in HubSpot by 74.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after purchasing an additional 1,560 shares in the last quarter. M&G Plc acquired a new stake in shares of HubSpot in the first quarter valued at approximately $8,533,000. Headlands Technologies LLC acquired a new stake in shares of HubSpot in the second quarter valued at approximately $3,135,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of HubSpot by 34.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,775 shares of the software maker’s stock valued at $9,257,000 after buying an additional 3,750 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Down 2.1 %

Shares of NYSE HUBS traded down $11.88 during midday trading on Tuesday, hitting $548.21. 325,431 shares of the company’s stock were exchanged, compared to its average volume of 604,225. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The company has a market cap of $27.94 billion, a price-to-earnings ratio of -211.28, a PEG ratio of 7,193.98 and a beta of 1.64. The business’s fifty day moving average price is $506.44 and its two-hundred day moving average price is $556.42.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The company had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. During the same quarter in the previous year, the firm earned ($1.17) earnings per share. HubSpot’s revenue was up 20.4% on a year-over-year basis.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 1,374 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $755,700.00. Following the completion of the sale, the chief executive officer now owns 61,294 shares in the company, valued at $33,711,700. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 1,374 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $755,700.00. Following the completion of the sale, the chief executive officer now owns 61,294 shares of the company’s stock, valued at $33,711,700. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,321 shares of company stock worth $3,374,089 in the last quarter. 4.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on HUBS. Canaccord Genuity Group lowered their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. UBS Group reduced their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research report on Monday. Stifel Nicolaus boosted their price target on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, 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. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $611.83.

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.