Ballentine Partners LLC Purchases 25 Shares of HubSpot, Inc. (NYSE:HUBS)

Ballentine Partners LLC boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 564 shares of the software maker’s stock after buying an additional 25 shares during the period. Ballentine Partners LLC’s holdings in HubSpot were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in HubSpot by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 77,292 shares of the software maker’s stock worth $45,586,000 after purchasing an additional 6,138 shares during the period. Amalgamated Bank lifted its stake in shares of HubSpot by 3.6% in the 2nd quarter. Amalgamated Bank now owns 3,303 shares of the software maker’s stock valued at $1,948,000 after purchasing an additional 114 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in HubSpot by 61.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,219 shares of the software maker’s stock valued at $5,437,000 after buying an additional 3,511 shares during the last quarter. Insigneo Advisory Services LLC boosted its position in shares of HubSpot by 24.1% during the 2nd quarter. Insigneo Advisory Services LLC now owns 510 shares of the software maker’s stock worth $301,000 after purchasing an additional 99 shares during the period. Finally, Toronto Dominion Bank raised its position in HubSpot by 206.8% in the second quarter. Toronto Dominion Bank now owns 14,178 shares of the software maker’s stock valued at $8,362,000 after purchasing an additional 9,556 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HUBS shares. The Goldman Sachs Group raised their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and issued a $750.00 price target (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Finally, Scotiabank increased their price objective on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $721.26.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. This trade represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is owned by corporate insiders.

HubSpot Trading Up 0.9 %

HubSpot stock opened at $736.75 on Friday. The stock has a market capitalization of $38.03 billion, a price-to-earnings ratio of -2,728.60, a PEG ratio of 40.35 and a beta of 1.70. The stock has a 50 day moving average of $715.03 and a two-hundred day moving average of $588.76. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.04) EPS. Equities analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current year.

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.