HubSpot, Inc. (NYSE:HUBS) Shares Sold by Aviso Wealth Management

Aviso Wealth Management reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,714 shares of the software maker’s stock after selling 48 shares during the quarter. Aviso Wealth Management’s holdings in HubSpot were worth $1,194,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HUBS. Larson Financial Group LLC lifted its holdings in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the third quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new position in HubSpot during the 4th quarter valued at $35,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of HubSpot in the 4th quarter worth $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Trading Down 0.3 %

HUBS opened at $625.15 on Wednesday. The stock’s 50 day simple moving average is $712.30 and its 200-day simple moving average is $658.03. The stock has a market cap of $32.60 billion, a PE ratio of 6,946.88, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last announced 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 negative return on equity of 0.07% and a net margin of 0.17%. Equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

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

Analyst Ratings Changes

Several brokerages have recently issued reports on HUBS. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Stifel Nicolaus boosted their target price on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Barclays upgraded HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective on the stock in a report on Wednesday, March 12th. Mizuho lifted their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Truist Financial reiterated a “buy” rating and set a $900.00 price target (up previously from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $848.58.

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.