High Net Worth Advisory Group LLC Decreases Holdings in HubSpot, Inc. (NYSE:HUBS)

High Net Worth Advisory Group LLC lowered its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,453 shares of the software maker’s stock after selling 167 shares during the quarter. HubSpot accounts for about 1.3% of High Net Worth Advisory Group LLC’s investment portfolio, making the stock its 17th largest holding. High Net Worth Advisory Group LLC’s holdings in HubSpot were worth $4,496,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC lifted its position in HubSpot by 58.6% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 717 shares of the software maker’s stock valued at $500,000 after purchasing an additional 265 shares during the last quarter. Juncture Wealth Strategies LLC raised its holdings in HubSpot by 3.1% during the 4th quarter. Juncture Wealth Strategies LLC now owns 1,349 shares of the software maker’s stock valued at $940,000 after buying an additional 40 shares during the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new stake in HubSpot during the 4th quarter valued at $1,361,000. Linden Thomas Advisory Services LLC grew its holdings in HubSpot by 7.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 2,562 shares of the software maker’s stock worth $1,785,000 after acquiring an additional 180 shares during the last quarter. Finally, Donoghue Forlines LLC bought a new position in shares of HubSpot during the fourth quarter valued at about $2,049,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HUBS. JPMorgan Chase & Co. raised their target price on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and raised their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Stifel Nicolaus boosted their price objective on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Morgan Stanley upped their price objective on shares of HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $721.26.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock worth $54,900,427 over the last quarter. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Down 1.2 %

Shares of NYSE HUBS opened at $728.24 on Monday. The company has a 50 day moving average of $716.86 and a 200 day moving average of $590.99. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47. The firm has a market cap of $37.59 billion, a P/E ratio of -2,697.07, a PEG ratio of 40.57 and a beta of 1.70.

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

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.