HighPoint Advisor Group LLC Acquires 36 Shares of HubSpot, Inc. (NYSE:HUBS)

HighPoint Advisor Group LLC lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 714 shares of the software maker’s stock after buying an additional 36 shares during the period. HighPoint Advisor Group LLC’s holdings in HubSpot were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HUBS. Larson Financial Group LLC lifted its position in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the third quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new stake in HubSpot during the fourth quarter worth about $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in HubSpot during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Up 2.1 %

HUBS opened at $593.97 on Thursday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The company has a fifty day moving average of $697.10 and a 200-day moving average of $660.86. The stock has a market cap of $30.98 billion, a PE ratio of 6,600.40, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

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 return on equity of 0.07% and a net margin of 0.17%. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,853 shares of company stock worth $15,453,396 in the last three months. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HUBS shares. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a research report on Thursday, February 13th. Truist Financial restated a “buy” rating and set a $900.00 price objective (up from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Jefferies Financial Group raised their target price on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a report on Monday, February 3rd. BMO Capital Markets boosted their price target on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com downgraded HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $848.58.

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.