Left Brain Wealth Management LLC Grows Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Left Brain Wealth Management LLC raised its stake in HubSpot, Inc. (NYSE:HUBS) by 4.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,071 shares of the software maker’s stock after buying an additional 181 shares during the period. Left Brain Wealth Management LLC’s holdings in HubSpot were worth $2,837,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after acquiring an additional 13 shares during the period. First Horizon Advisors Inc. lifted 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 worth $445,000 after acquiring an additional 15 shares during the period. Amalgamated Bank lifted its stake in HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after acquiring an additional 16 shares during the period. Avitas Wealth Management LLC lifted its stake in HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after acquiring an additional 17 shares during the period. Finally, Principal Securities Inc. lifted its stake in HubSpot by 17.2% in the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock worth $81,000 after acquiring an additional 17 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Price Performance

Shares of HUBS stock opened at $598.64 on Friday. The firm has a market capitalization of $31.22 billion, a price-to-earnings ratio of 6,652.27, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The business has a fifty day moving average of $727.46 and a 200 day moving average of $649.63. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

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

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,997 shares of company stock worth $35,796,526 over the last three months. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HUBS shares. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and upped their price objective for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. William Blair restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Redburn Atlantic assumed coverage on HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Citigroup upped their price objective on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Oppenheimer upped their price objective on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Profile

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.