HubSpot, Inc. (NYSE:HUBS) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lowered its stake in HubSpot, Inc. (NYSE:HUBS) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,240 shares of the software maker’s stock after selling 45 shares during the quarter. Moran Wealth Management LLC’s holdings in HubSpot were worth $864,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of HUBS. Wellington Management Group LLP boosted its holdings in HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after acquiring an additional 480,796 shares during the period. Raymond James Financial Inc. purchased a new position in shares of HubSpot in the fourth quarter valued at $157,019,000. Proficio Capital Partners LLC acquired a new stake in HubSpot during the 4th quarter valued at $79,135,000. Massachusetts Financial Services Co. MA increased its stake in HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after buying an additional 86,688 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in HubSpot by 87.7% in the 4th quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker’s stock worth $74,136,000 after buying an additional 49,700 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. This represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,997 shares of company stock valued at $35,796,526. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the subject of several recent analyst reports. Raymond James raised their target price on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price objective on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a research report on Thursday, February 13th. Bank of America raised their price target on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Barclays reaffirmed an “equal weight” rating on shares of HubSpot in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Price Performance

Shares of HUBS opened at $590.65 on Wednesday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a fifty day moving average price of $731.14 and a 200 day moving average price of $650.26. The company has a market cap of $30.80 billion, a P/E ratio of 6,563.51, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.