Aristotle Atlantic Partners LLC Acquires 5,853 Shares of HubSpot, Inc. $HUBS

Aristotle Atlantic Partners LLC boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 28.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,588 shares of the software maker’s stock after purchasing an additional 5,853 shares during the period. Aristotle Atlantic Partners LLC’s holdings in HubSpot were worth $12,438,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC increased its position in shares of HubSpot by 88.5% during the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after purchasing an additional 737 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of HubSpot by 67.7% in the 2nd quarter. Allworth Financial LP now owns 275 shares of the software maker’s stock worth $153,000 after buying an additional 111 shares during the last quarter. Vise Technologies Inc. purchased a new position in shares of HubSpot in the 2nd quarter worth about $313,000. National Pension Service grew its position in HubSpot by 0.8% during the second quarter. National Pension Service now owns 72,175 shares of the software maker’s stock valued at $40,175,000 after buying an additional 545 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in HubSpot by 12.4% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,215 shares of the software maker’s stock valued at $17,932,000 after buying an additional 3,564 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider directly owned 10,119 shares in the company, valued at $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the sale, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,691 shares of company stock valued at $8,136,702 in the last ninety days. Insiders own 4.00% of the company’s stock.

HubSpot Price Performance

HubSpot stock opened at $264.14 on Friday. The firm has a market capitalization of $13.93 billion, a P/E ratio of 303.61, a PEG ratio of 3.94 and a beta of 1.40. HubSpot, Inc. has a one year low of $207.20 and a one year high of $682.57. The business has a fifty day moving average price of $285.47 and a 200-day moving average price of $382.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.32 EPS. Sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Piper Sandler decreased their price objective on shares of HubSpot from $400.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. The Goldman Sachs Group dropped their target price on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Jefferies Financial Group reduced their target price on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Royal Bank Of Canada decreased their price target on shares of HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Finally, KeyCorp lowered their price target on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $454.20.

HubSpot Profile

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.