Circle Wealth Management LLC Purchases 1,339 Shares of HubSpot, Inc. (NYSE:HUBS)

Circle Wealth Management LLC grew its position in shares of HubSpot, Inc. (NYSE:HUBS) by 98.4% in the third quarter, Holdings Channel reports. The firm owned 2,700 shares of the software maker’s stock after purchasing an additional 1,339 shares during the period. Circle Wealth Management LLC’s holdings in HubSpot were worth $1,435,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HUBS. Eventide Asset Management LLC raised its holdings in shares of HubSpot by 1.3% in the 3rd quarter. Eventide Asset Management LLC now owns 118,554 shares of the software maker’s stock valued at $63,023,000 after acquiring an additional 1,553 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of HubSpot by 132.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,363 shares of the software maker’s stock worth $725,000 after acquiring an additional 777 shares during the last quarter. Alkeon Capital Management LLC purchased a new position in HubSpot in the third quarter worth $15,948,000. Vinva Investment Management Ltd increased its stake in HubSpot by 31.9% in the third quarter. Vinva Investment Management Ltd now owns 3,501 shares of the software maker’s stock valued at $1,877,000 after acquiring an additional 846 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in HubSpot by 8.2% during the third 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 purchasing an additional 40,138 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HUBS shares. Evercore ISI upped 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. Wells Fargo & Company lifted their target price on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets raised their price objective on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, Raymond James dropped their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $672.68.

HubSpot Stock Down 0.2 %

Shares of HubSpot stock opened at $721.42 on Friday. The company has a market capitalization of $37.24 billion, a PE ratio of -2,671.83, a price-to-earnings-growth ratio of 87.86 and a beta of 1.63. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $754.56. The stock’s fifty day moving average is $597.13 and its two-hundred day moving average is $556.38.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. As a group, research analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 1,136 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $21,695,632.56. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,391 shares of company stock valued at $29,101,488 over the last ninety days. 4.50% of the stock is 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.