Brown Brothers Harriman & Co. Has $295,000 Stake in HubSpot, Inc. (NYSE:HUBS)

Brown Brothers Harriman & Co. grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 15.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 555 shares of the software maker’s stock after buying an additional 73 shares during the period. Brown Brothers Harriman & Co.’s holdings in HubSpot were worth $295,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GDS Wealth Management acquired a new stake in shares of HubSpot in the third quarter valued at approximately $2,149,000. Pallas Capital Advisors LLC bought a new position in shares of HubSpot during the third quarter worth approximately $624,000. Headlands Technologies LLC bought a new position in shares of HubSpot during the second quarter worth approximately $3,135,000. Icon Wealth Advisors LLC increased its stake in shares of HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after purchasing an additional 20,479 shares during the period. Finally, Curi RMB Capital LLC increased its stake in shares of HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after purchasing an additional 937 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The trade was a 0.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 4,381 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 $3,066,700.00. Following the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $28,881,300. This represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock valued at $29,101,488 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HUBS. Wells Fargo & Company increased their target price on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Bank of America lowered their target price on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada increased their target price on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group raised their price objective on HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Barclays raised their price objective on HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $672.68.

HubSpot Trading Down 1.1 %

HUBS stock opened at $722.12 on Thursday. The stock has a 50-day moving average price of $589.38 and a 200-day moving average price of $554.35. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $754.56. The firm has a market cap of $37.28 billion, a PE ratio of -2,674.42, a price-to-earnings-growth ratio of 88.96 and a beta of 1.63.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same period in the previous year, the company posted ($0.04) EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. On average, analysts forecast that HubSpot, Inc. will post 0.4 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.