Cabot Wealth Management Inc. Has $4.43 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Cabot Wealth Management Inc. raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 96.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,362 shares of the software maker’s stock after acquiring an additional 3,125 shares during the period. Cabot Wealth Management Inc.’s holdings in HubSpot were worth $4,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot in the third quarter worth $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Bank of Jackson Hole Trust acquired a new stake in HubSpot in the 4th quarter worth $35,000. HM Payson & Co. increased its holdings in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Finally, Friedenthal Financial bought a new position in shares of HubSpot during the 4th quarter worth about $50,000. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HUBS has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Citigroup lifted their price objective on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Truist Financial restated a “buy” rating and issued a $900.00 target price (up from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Scotiabank lifted their price target on shares of HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company increased their price objective on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $863.96.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. The trade was a 0.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $726.43 on Friday. The business has a fifty day moving average of $739.92 and a 200-day moving average of $632.79. The firm has a market cap of $37.88 billion, a PE ratio of 8,072.32, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, analysts anticipate that HubSpot, Inc. will post 1.01 EPS 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.