HubSpot, Inc. (NYSE:HUBS) Stake Reduced by Howard Bailey Securities LLC

Howard Bailey Securities LLC decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 521 shares of the software maker’s stock after selling 34 shares during the period. Howard Bailey Securities LLC’s holdings in HubSpot were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

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

HubSpot Trading Up 0.0 %

HUBS stock opened at $784.84 on Thursday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $811.79. The business’s 50 day moving average is $731.91 and its 200-day moving average is $616.53. The firm has a market cap of $40.51 billion, a P/E ratio of -2,906.71, a P/E/G ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. Sell-side analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HUBS. Citigroup upped their price target on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group boosted their price target on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a report on Monday, February 3rd. BMO Capital Markets raised their price target on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Bank of America boosted their price target on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $747.92.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the transaction, the chief technology officer now directly owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

About HubSpot

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.