Empower Advisory Group LLC Decreases Stake in HubSpot, Inc. (NYSE:HUBS)

Empower Advisory Group LLC cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 38.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 441 shares of the software maker’s stock after selling 275 shares during the quarter. Empower Advisory Group LLC’s holdings in HubSpot were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. CIBC Asset Management Inc boosted its stake in shares of HubSpot by 13.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,139 shares of the software maker’s stock valued at $1,490,000 after buying an additional 249 shares in the last quarter. Highview Capital Management LLC DE boosted its position in HubSpot by 4.5% during the fourth quarter. Highview Capital Management LLC DE now owns 3,011 shares of the software maker’s stock worth $2,098,000 after purchasing an additional 129 shares in the last quarter. Sanctuary Advisors LLC boosted its position in HubSpot by 2.7% during the fourth quarter. Sanctuary Advisors LLC now owns 4,097 shares of the software maker’s stock worth $3,162,000 after purchasing an additional 106 shares in the last quarter. Principal Financial Group Inc. boosted its position in HubSpot by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 27,479 shares of the software maker’s stock worth $19,147,000 after purchasing an additional 1,743 shares in the last quarter. Finally, Capital Performance Advisors LLP boosted its position in HubSpot by 66.4% during the fourth quarter. Capital Performance Advisors LLP now owns 351 shares of the software maker’s stock worth $245,000 after purchasing an additional 140 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Performance

Shares of HUBS opened at $771.11 on Thursday. The company has a market capitalization of $40.22 billion, a P/E ratio of 8,568.89, a P/E/G ratio of 48.94 and a beta of 1.72. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The stock has a 50-day moving average price of $738.68 and a 200 day moving average price of $627.81.

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, equities research analysts forecast that HubSpot, Inc. will post 0.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on HUBS. Truist Financial reiterated a “buy” rating and set a $900.00 target price (up from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and boosted their target price for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. StockNews.com upgraded HubSpot from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus boosted their price target on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada boosted their price target on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $863.96.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the sale, the insider now owns 513,698 shares in the company, valued at $374,819,745.70. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,612 shares of company stock worth $28,993,612 over the last quarter. 4.50% of the stock is owned by corporate insiders.

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.