Summit Global Investments Has $4.16 Million Position in HubSpot, Inc. (NYSE:HUBS)

Summit Global Investments raised its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 57.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,165 shares of the software maker’s stock after purchasing an additional 2,615 shares during the period. Summit Global Investments’ holdings in HubSpot were worth $4,160,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in HubSpot by 22.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 17,955 shares of the software maker’s stock valued at $8,843,000 after buying an additional 3,237 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of HubSpot by 3.6% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,413 shares of the software maker’s stock worth $5,621,000 after purchasing an additional 400 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of HubSpot by 72.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,390 shares of the software maker’s stock worth $1,177,000 after purchasing an additional 1,001 shares during the last quarter. Xponance Inc. boosted its stake in HubSpot by 2.7% during the 3rd quarter. Xponance Inc. now owns 6,622 shares of the software maker’s stock valued at $3,261,000 after purchasing an additional 174 shares during the period. Finally, Dakota Wealth Management grew its holdings in HubSpot by 58.9% in the 3rd quarter. Dakota Wealth Management now owns 2,110 shares of the software maker’s stock valued at $1,039,000 after buying an additional 782 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 2.6 %

HUBS traded down $15.91 during trading on Thursday, reaching $590.18. 622,432 shares of the stock were exchanged, compared to its average volume of 492,184. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The stock’s 50 day moving average price is $628.72 and its two-hundred day moving average price is $562.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.22. The business had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. Equities analysts forecast that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HUBS. The Goldman Sachs Group increased their price objective on HubSpot from $577.00 to $656.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Needham & Company LLC lifted their target price on HubSpot from $630.00 to $730.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Truist Financial upped their target price on shares of HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Stifel Nicolaus increased their price target on shares of HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $642.36.

Insider Activity

In related news, CEO Yamini Rangan sold 8,817 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the transaction, the chief executive officer now owns 88,977 shares of the company’s stock, valued at approximately $55,165,740. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Yamini Rangan sold 8,817 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the sale, the chief executive officer now directly owns 88,977 shares in the company, valued at $55,165,740. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,362 shares of company stock worth $14,012,491. Corporate insiders own 4.90% of the company’s stock.

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.