GraniteShares Advisors LLC Sells 488 Shares of HubSpot, Inc. (NYSE:HUBS)

GraniteShares Advisors LLC decreased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 34.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 922 shares of the software maker’s stock after selling 488 shares during the period. GraniteShares Advisors LLC’s holdings in HubSpot were worth $642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the third quarter valued at $25,000. Bank of Jackson Hole Trust purchased a new position in shares of HubSpot in the fourth quarter valued at $35,000. HM Payson & Co. grew its holdings in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in shares of HubSpot in the fourth quarter valued at $50,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HUBS shares. Evercore ISI raised their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. 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 report on Friday, January 17th. Citigroup raised their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Oppenheimer raised their target price on shares of HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Mizuho raised their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Trading Down 0.5 %

Shares of HUBS opened at $720.32 on Wednesday. The firm has a fifty day moving average price of $739.03 and a 200-day moving average price of $637.48. The firm has a market capitalization of $37.57 billion, a P/E ratio of 8,004.41, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

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

Insider Activity at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business’s 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 directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the transaction, the chief executive officer now owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 over the last three months. 4.50% of the stock is owned by corporate insiders.

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.