Blue Trust Inc. Acquires 72 Shares of HubSpot, Inc. (NYSE:HUBS)

Blue Trust Inc. lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 792 shares of the software maker’s stock after purchasing an additional 72 shares during the quarter. Blue Trust Inc.’s holdings in HubSpot were worth $552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the third quarter worth $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the last quarter. HM Payson & Co. boosted its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares in the last quarter. Friedenthal Financial purchased a new stake in HubSpot during the 4th quarter valued at about $50,000. Finally, Crewe Advisors LLC increased its stake in HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 0.7 %

NYSE HUBS opened at $772.12 on Friday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $811.79. The stock has a market cap of $39.86 billion, a price-to-earnings ratio of -2,859.61, a PEG ratio of 40.57 and a beta of 1.70. The company’s 50 day moving average is $722.58 and its two-hundred day moving average is $597.11.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) EPS. Sell-side analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on HUBS. Wells Fargo & Company increased their price target on shares of HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Morgan Stanley lifted their target price on HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Evercore ISI increased their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets raised their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $724.52.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction on 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 sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. The trade was a 4.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock worth $54,900,427 over the last three months. 4.50% of the stock is owned by insiders.

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.