PUREfi Wealth LLC Purchases Shares of 1,015 HubSpot, Inc. (NYSE:HUBS)

PUREfi Wealth LLC purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,015 shares of the software maker’s stock, valued at approximately $707,000. HubSpot comprises 0.7% of PUREfi Wealth LLC’s investment portfolio, making the stock its 27th biggest holding.

Several other large investors have also added to or reduced their stakes in HUBS. GDS Wealth Management acquired a new position in shares of HubSpot in the 3rd quarter valued at about $2,149,000. Pallas Capital Advisors LLC acquired a new position in shares of HubSpot in the 3rd quarter valued at about $624,000. Icon Wealth Advisors LLC lifted its holdings in shares of HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after buying an additional 20,479 shares during the period. Curi RMB Capital LLC lifted its holdings 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, Advantage Alpha Capital Partners LP lifted its holdings in shares of HubSpot by 113.4% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after buying an additional 9,919 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the subject of several analyst reports. Canaccord Genuity Group boosted their price objective on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer upped their price target on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a report on Thursday. Piper Sandler upped their price target on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and upped their price target for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $857.75.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,112 shares of company stock worth $51,432,627. Corporate insiders own 4.50% of the company’s stock.

HubSpot Trading Down 0.9 %

Shares of HubSpot stock opened at $812.44 on Friday. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a 50 day moving average of $734.12 and a 200 day moving average of $619.11.

HubSpot (NYSE:HUBS) last issued 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%. Research analysts predict that HubSpot, Inc. will post 0.42 earnings per share 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.