Beacon Pointe Advisors LLC Lowers Stock Position in HubSpot, Inc. (NYSE:HUBS)

Beacon Pointe Advisors LLC trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,766 shares of the software maker’s stock after selling 132 shares during the period. Beacon Pointe Advisors LLC’s holdings in HubSpot were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new position in HubSpot in the 4th quarter valued at about $29,000. Venturi Wealth Management LLC boosted its position in HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares during the last quarter. Larson Financial Group LLC boosted its position in HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after buying an additional 69 shares during the last quarter. Alta Advisers Ltd purchased a new position in HubSpot in the 3rd quarter valued at about $49,000. Finally, Principal Securities Inc. purchased a new position in HubSpot in the 4th quarter valued at about $50,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm’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 transaction, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the transaction, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the transaction, the chief financial officer now owns 45,737 shares in the company, valued at approximately $28,197,317.87. The disclosure for this sale can be found here. Insiders have sold 24,244 shares of company stock worth $15,177,181 over the last quarter. 4.90% of the stock is currently owned by company insiders.

HubSpot Trading Down 1.5 %

NYSE HUBS opened at $610.97 on Wednesday. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. The company’s 50 day simple moving average is $626.02 and its 200 day simple moving average is $580.63.

Analyst Ratings Changes

HUBS has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on shares of HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. The Goldman Sachs Group increased their price target on shares of HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Truist Financial increased their price target on shares of HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Stifel Nicolaus reduced their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Mizuho reduced their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $640.04.

HubSpot Company 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.