High Net Worth Advisory Group LLC Sells 167 Shares of HubSpot, Inc. (NYSE:HUBS)

High Net Worth Advisory Group LLC reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,453 shares of the software maker’s stock after selling 167 shares during the quarter. HubSpot comprises 1.3% of High Net Worth Advisory Group LLC’s holdings, making the stock its 17th largest holding. High Net Worth Advisory Group LLC’s holdings in HubSpot were worth $4,496,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HUBS. GDS Wealth Management acquired a new position in shares of HubSpot during the 3rd quarter valued at $2,149,000. Pallas Capital Advisors LLC acquired a new position in shares of HubSpot during the third quarter valued at about $624,000. Icon Wealth Advisors LLC boosted its position in shares of HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after purchasing an additional 20,479 shares in the last quarter. Curi RMB Capital LLC grew its stake in shares of HubSpot by 15.1% in the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after buying an additional 937 shares during the period. Finally, Melqart Asset Management UK Ltd increased its position in HubSpot by 15.2% in the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock valued at $18,010,000 after buying an additional 4,468 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and upped their target price for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Mizuho upped their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Canaccord Genuity Group raised their price objective on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Scotiabank increased their target price on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price target on shares of HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $721.26.

HubSpot Stock Performance

Shares of HUBS opened at $728.24 on Monday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $762.47. The stock’s 50-day simple moving average is $716.86 and its 200 day simple moving average is $590.99. The stock has a market capitalization of $37.59 billion, a price-to-earnings ratio of -2,697.07, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share. On average, research analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is currently owned by company insiders.

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.