HubSpot, Inc. (NYSE:HUBS) Stock Position Reduced by Truvestments Capital LLC

Truvestments Capital LLC lessened its position in shares of HubSpot, Inc. (NYSE:HUBS) by 23.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 110 shares of the software maker’s stock after selling 33 shares during the quarter. Truvestments Capital LLC’s holdings in HubSpot were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $25,000. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the 4th quarter worth approximately $35,000. Finally, Friedenthal Financial bought a new stake in shares of HubSpot in the 4th quarter worth approximately $50,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Redburn Atlantic assumed coverage on HubSpot in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. Mizuho raised their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Piper Sandler raised their target price on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group raised their target price on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Up 3.5 %

Shares of NYSE HUBS opened at $611.22 on Thursday. The stock has a market capitalization of $31.88 billion, a price-to-earnings ratio of 6,792.10, a PEG ratio of 41.44 and a beta of 1.80. The stock’s fifty day simple moving average is $729.43 and its 200 day simple moving average is $649.98. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the transaction, the director now directly owns 1,697 shares in the company, valued at $1,170,930. The trade was a 25.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,997 shares of company stock worth $35,796,526 in the last three months. 4.50% of the stock is currently owned by insiders.

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.