Fi3 FINANCIAL ADVISORS LLC Sells 47 Shares of HubSpot, Inc. (NYSE:HUBS)

Fi3 FINANCIAL ADVISORS LLC lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 10.8% during the fourth quarter, Holdings Channel reports. The fund owned 388 shares of the software maker’s stock after selling 47 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in HubSpot were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HUBS. Quest Partners LLC grew its holdings in HubSpot by 125.6% during the 3rd quarter. Quest Partners LLC now owns 871 shares of the software maker’s stock worth $463,000 after acquiring an additional 485 shares during the last quarter. Caprock Group LLC boosted its stake in shares of HubSpot by 16.8% in the 3rd quarter. Caprock Group LLC now owns 673 shares of the software maker’s stock valued at $358,000 after purchasing an additional 97 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of HubSpot in the 3rd quarter valued at about $1,706,000. Commerce Bank boosted its stake in shares of HubSpot by 16.0% in the 3rd quarter. Commerce Bank now owns 6,633 shares of the software maker’s stock valued at $3,526,000 after purchasing an additional 917 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its stake in shares of HubSpot by 70.4% in the 3rd quarter. Moran Wealth Management LLC now owns 1,285 shares of the software maker’s stock valued at $683,000 after purchasing an additional 531 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In related news, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the completion of the transaction, the director now directly owns 1,125 shares of the company’s stock, valued at approximately $811,800. This trade represents a 33.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,425 shares of company stock valued at $15,866,151. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Up 1.1 %

NYSE HUBS opened at $604.89 on Friday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The company has a market capitalization of $31.55 billion, a PE ratio of 6,721.75, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The firm’s 50 day moving average is $715.33 and its 200-day moving average is $654.03.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on HUBS. KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a research note on Thursday, February 13th. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and raised their target price for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Canaccord Genuity Group raised their target price on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Redburn Atlantic initiated coverage on shares of HubSpot in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, Raymond James increased their price target on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $853.32.

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.