Brooklyn Investment Group Takes Position in HubSpot, Inc. (NYSE:HUBS)

Brooklyn Investment Group bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the third quarter, Holdings Channel reports. The institutional investor bought 154 shares of the software maker’s stock, valued at approximately $82,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in HubSpot in the second quarter valued at approximately $35,000. HM Payson & Co. lifted its holdings in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC grew its position in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the period. J.Safra Asset Management Corp increased its stake in HubSpot by 690.9% during the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after buying an additional 32 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Canaccord Genuity Group raised their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. UBS Group boosted their price objective on HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Raymond James dropped their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada lifted their target price on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $672.68.

HubSpot Trading Down 1.0 %

HubSpot stock opened at $722.76 on Friday. The business’s 50 day simple moving average is $593.23 and its 200 day simple moving average is $555.52. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $754.56. The company has a market cap of $37.31 billion, a price-to-earnings ratio of -2,676.79, a PEG 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm 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 business’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. As a group, equities research analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the transaction, the insider now owns 7,603 shares of the company’s stock, valued at $5,322,100. The trade was a 7.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock worth $29,101,488 over the last quarter. 4.50% of the stock is currently owned by company insiders.

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.