Paces Ferry Wealth Advisors LLC Acquires 258 Shares of HubSpot, Inc. (NYSE:HUBS)

Paces Ferry Wealth Advisors LLC increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 50.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 770 shares of the software maker’s stock after acquiring an additional 258 shares during the quarter. Paces Ferry Wealth Advisors LLC’s holdings in HubSpot were worth $537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HUBS. Farther Finance Advisors LLC raised its stake in shares of HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after purchasing an additional 13 shares during the period. First Horizon Advisors Inc. boosted its stake in HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after acquiring an additional 15 shares during the last quarter. Amalgamated Bank grew its position in shares of HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after acquiring an additional 16 shares during the period. Avitas Wealth Management LLC increased its stake in shares of HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after purchasing an additional 17 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in shares of HubSpot by 17.2% in the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock worth $81,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 1.1 %

Shares of HubSpot stock opened at $604.89 on Friday. The firm has a market capitalization of $31.55 billion, a PE ratio of 6,721.75, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The business’s 50-day moving average price is $715.33 and its 200-day moving average price is $655.14.

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

Insider Buying and Selling

In related news, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $721.60, for a total transaction of $412,755.20. Following the transaction, the director now directly owns 1,125 shares in the company, valued at $811,800. This trade represents a 33.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares of the company’s stock, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,425 shares of company stock worth $15,866,151 in the last 90 days. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Royal Bank of Canada boosted their price objective on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Morgan Stanley increased their target price on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Needham & Company LLC boosted their price target on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Stephens started coverage on shares of HubSpot in a research note on Wednesday. They set an “overweight” rating and a $769.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $853.32.

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.