Wealth Alliance Buys Shares of 379 HubSpot, Inc. (NYSE:HUBS)

Wealth Alliance bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 379 shares of the software maker’s stock, valued at approximately $220,000.

Several other large investors have also recently bought and sold shares of the stock. Acadian Asset Management LLC grew its stake in shares of HubSpot by 49.2% in the 1st quarter. Acadian Asset Management LLC now owns 704 shares of the software maker’s stock worth $333,000 after purchasing an additional 232 shares during the last quarter. MetLife Investment Management LLC acquired a new position in shares of HubSpot in the 1st quarter worth approximately $1,385,000. Raymond James Trust N.A. grew its stake in shares of HubSpot by 12.3% in the 1st quarter. Raymond James Trust N.A. now owns 776 shares of the software maker’s stock worth $368,000 after purchasing an additional 85 shares during the last quarter. Cibc World Market Inc. acquired a new position in shares of HubSpot in the 1st quarter worth approximately $206,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of HubSpot by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 64,334 shares of the software maker’s stock worth $30,562,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 8,817 shares of HubSpot 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 transaction, the chief executive officer now owns 88,977 shares of the company’s stock, valued at $55,165,740. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Dawson Alyssa Harvey sold 1,086 shares of HubSpot stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $618.25, for a total value of $671,419.50. Following the transaction, the insider now owns 7,783 shares of the company’s stock, valued at $4,811,839.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the completion of the transaction, the chief executive officer now directly owns 88,977 shares in the company, valued at approximately $55,165,740. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,362 shares of company stock valued at $14,012,491. 4.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HUBS. Barclays lifted their price objective on shares of HubSpot from $475.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Wolfe Research raised their target price on shares of HubSpot from $660.00 to $715.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Stifel Nicolaus raised their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Monday, April 8th. UBS Group reiterated a “neutral” rating and issued a $525.00 target price on shares of HubSpot in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of HubSpot from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.36.

HubSpot Trading Down 2.8 %

Shares of HUBS opened at $631.64 on Friday. The firm’s 50 day moving average price is $625.12 and its 200 day moving average price is $552.93. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. HubSpot, Inc. has a twelve month low of $399.48 and a twelve month high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. The firm had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. As a group, equities research analysts forecast that HubSpot, Inc. will post -0.98 EPS for the current year.

HubSpot Profile

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.