High Net Worth Advisory Group LLC Has $3.52 Million Stake in HubSpot, Inc. (NYSE:HUBS)

High Net Worth Advisory Group LLC reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 2.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,620 shares of the software maker’s stock after selling 182 shares during the quarter. HubSpot comprises 1.0% of High Net Worth Advisory Group LLC’s holdings, making the stock its 25th largest position. High Net Worth Advisory Group LLC’s holdings in HubSpot were worth $3,519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. GAMMA Investing LLC grew its position in HubSpot by 14.3% during the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock worth $75,000 after acquiring an additional 15 shares during the last quarter. First Affirmative Financial Network raised its holdings in shares of HubSpot by 3.8% in the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after buying an additional 18 shares during the last quarter. Eagle Wealth Strategies LLC lifted its position in HubSpot by 5.8% during the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock worth $246,000 after buying an additional 21 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after acquiring an additional 25 shares during the last quarter. Finally, Gilbert & Cook Inc. raised its stake in shares of HubSpot by 1.4% in the first quarter. Gilbert & Cook Inc. now owns 1,993 shares of the software maker’s stock worth $1,249,000 after acquiring an additional 28 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company decreased their price target on HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and set a $700.00 target price on shares of HubSpot in a research report on Thursday, September 19th. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research note on Thursday, August 8th. Finally, Stifel Nicolaus raised their price objective on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $611.83.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,821 shares of company stock valued at $7,388,384. 4.50% of the stock is owned by corporate insiders.

HubSpot Trading Up 1.1 %

Shares of HUBS stock opened at $559.40 on Monday. The firm’s fifty day moving average price is $504.35 and its two-hundred day moving average price is $556.89. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The firm has a market capitalization of $28.51 billion, a P/E ratio of -211.09, a PEG ratio of 7,193.98 and a beta of 1.64.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.17) earnings per share.

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.