Destiny Wealth Partners LLC Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Destiny Wealth Partners LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 316 shares of the software maker’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter worth approximately $25,000. HM Payson & Co. lifted its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares in the last quarter. Friedenthal Financial acquired a new stake in HubSpot during the 4th quarter valued at $50,000. Finally, Crewe Advisors LLC increased its position in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the transaction, the insider now owns 7,603 shares in the company, valued at approximately $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock worth $54,900,427 in the last ninety days. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

HUBS has been the topic of several recent research reports. Barclays upped their price objective on HubSpot from $650.00 to $725.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. Wells Fargo & Company raised their price target on shares of HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Bank of America lifted their price target on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. upped their target price on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and lifted their price target for the company from $680.00 to $725.00 in a report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $724.52.

HubSpot Stock Up 1.0 %

Shares of NYSE HUBS opened at $779.52 on Friday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $811.79. The stock’s 50-day simple moving average is $723.66 and its 200-day simple moving average is $598.32.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. Research analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

About HubSpot

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.