HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 13,454.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,491 shares of the software maker’s stock after purchasing an additional 1,480 shares during the quarter. Venturi Wealth Management LLC’s holdings in HubSpot were worth $1,039,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. GDS Wealth Management purchased a new stake in HubSpot in the 3rd quarter worth approximately $2,149,000. Pallas Capital Advisors LLC acquired a new position in HubSpot during the third quarter worth $624,000. Icon Wealth Advisors LLC boosted its holdings in HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after acquiring an additional 20,479 shares during the period. Curi RMB Capital LLC increased its stake in HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after buying an additional 937 shares during the period. Finally, Advantage Alpha Capital Partners LP raised its holdings in HubSpot by 113.4% in the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after acquiring an additional 9,919 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on HUBS. UBS Group increased their price target on shares of HubSpot from $740.00 to $775.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective for the company in a research report on Thursday, February 13th. Piper Sandler lifted their price objective on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets upped their price target on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Trading Down 1.1 %

Shares of HubSpot stock opened at $802.76 on Wednesday. The firm has a fifty day simple moving average of $737.03 and a 200-day simple moving average of $625.43. The stock has a market capitalization of $41.44 billion, a price-to-earnings ratio of -2,973.09, a PEG ratio of 43.94 and a beta of 1.72. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. As a group, research analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Insider Activity

In other news, CEO Yamini Rangan sold 115 shares of the company’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 transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,612 shares of company stock worth $28,993,612. Corporate insiders own 4.50% of the company’s stock.

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.