Avitas Wealth Management LLC Boosts Stock Position in HubSpot, Inc. (NYSE:HUBS)

Avitas Wealth Management LLC boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,038 shares of the software maker’s stock after acquiring an additional 17 shares during the quarter. Avitas Wealth Management LLC’s holdings in HubSpot were worth $1,420,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. E. Ohman J or Asset Management AB boosted its stake in shares of HubSpot by 13.0% in the fourth quarter. E. Ohman J or Asset Management AB now owns 2,260 shares of the software maker’s stock valued at $1,575,000 after purchasing an additional 260 shares during the period. Mather Group LLC. lifted its holdings in HubSpot by 36.7% during the 4th quarter. Mather Group LLC. now owns 257 shares of the software maker’s stock worth $179,000 after buying an additional 69 shares in the last quarter. GDS Wealth Management boosted its position in HubSpot by 44.5% in the 4th quarter. GDS Wealth Management now owns 5,844 shares of the software maker’s stock valued at $4,072,000 after buying an additional 1,801 shares during the period. Jennison Associates LLC grew its stake in shares of HubSpot by 28.4% in the fourth quarter. Jennison Associates LLC now owns 111,345 shares of the software maker’s stock worth $77,582,000 after acquiring an additional 24,638 shares in the last quarter. Finally, Resonant Capital Advisors LLC purchased a new stake in shares of HubSpot during the fourth quarter worth $245,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HUBS shares. Scotiabank lifted their target price on HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a report on Wednesday, January 8th. UBS Group cut HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. BMO Capital Markets upped their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Oppenheimer raised their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Evercore ISI boosted their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $732.88.

HubSpot Stock Up 0.0 %

HUBS opened at $765.26 on Wednesday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $811.79. The business’s 50 day moving average is $725.07 and its two-hundred day moving average is $604.09. The firm has a market cap of $39.50 billion, a price-to-earnings ratio of -2,834.19, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. Equities analysts expect that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

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

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.