Brookstone Capital Management Acquires Shares of 1,445 HubSpot, Inc. $HUBS

Brookstone Capital Management bought a new position in HubSpot, Inc. (NYSE:HUBS) in the third quarter, HoldingsChannel.com reports. The fund bought 1,445 shares of the software maker’s stock, valued at approximately $676,000.

Other institutional investors have also bought and sold shares of the company. Jennison Associates LLC raised its stake in HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after acquiring an additional 672,158 shares in the last quarter. Norges Bank acquired a new stake in shares of HubSpot during the 2nd quarter worth about $269,941,000. Neuberger Berman Group LLC increased its position in shares of HubSpot by 166.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 321,679 shares of the software maker’s stock worth $179,055,000 after purchasing an additional 200,844 shares in the last quarter. Vanguard Group Inc. lifted its holdings in HubSpot by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock valued at $3,000,926,000 after purchasing an additional 144,507 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in HubSpot by 64.2% in the first quarter. AQR Capital Management LLC now owns 341,957 shares of the software maker’s stock valued at $191,431,000 after buying an additional 133,720 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Piper Sandler dropped their price objective on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Citigroup raised their target price on HubSpot from $650.00 to $658.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Sanford C. Bernstein upgraded shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target on the stock in a research report on Wednesday, September 3rd. Cantor Fitzgerald reduced their target price on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, KeyCorp lowered their price target on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $613.45.

HubSpot Stock Performance

Shares of HubSpot stock opened at $399.53 on Tuesday. The firm has a fifty day moving average of $403.45 and a two-hundred day moving average of $466.72. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of -4,994.15, a PEG ratio of 13.50 and a beta of 1.46. HubSpot, Inc. has a 52 week low of $344.41 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The business had revenue of $809.52 million for the quarter, compared to analyst estimates of $786.80 million. During the same period last year, the company earned $2.18 EPS. The firm’s revenue was up 20.9% on a year-over-year basis. As a group, research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the transaction, the director directly owned 496,308 shares of the company’s stock, valued at $182,140,072.92. This trade represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the sale, the chief financial officer owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. This represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,502 shares of company stock valued at $11,559,565 in the last 90 days. 4.00% of the stock is owned by insiders.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.