Centurion Wealth Management LLC Makes New $247,000 Investment in HubSpot, Inc. (NYSE:HUBS)

Centurion Wealth Management LLC purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, Holdings Channel reports. The fund purchased 354 shares of the software maker’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also modified their holdings of HUBS. Aigen Investment Management LP acquired a new stake in shares of HubSpot in the third quarter worth about $211,000. Victory Capital Management Inc. increased its holdings in shares of HubSpot by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 24,620 shares of the software maker’s stock valued at $13,088,000 after acquiring an additional 416 shares during the last quarter. KBC Group NV raised its stake in shares of HubSpot by 5.9% in the 3rd quarter. KBC Group NV now owns 12,695 shares of the software maker’s stock valued at $6,748,000 after acquiring an additional 711 shares in the last quarter. Metis Global Partners LLC lifted its holdings in HubSpot by 6.8% in the 3rd quarter. Metis Global Partners LLC now owns 1,355 shares of the software maker’s stock worth $720,000 after purchasing an additional 86 shares during the last quarter. Finally, ING Groep NV bought a new stake in HubSpot during the third quarter worth approximately $3,083,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Up 1.9 %

Shares of HUBS opened at $609.73 on Monday. The stock has a 50 day simple moving average of $725.59 and a 200-day simple moving average of $652.55. The stock has a market cap of $31.80 billion, a PE ratio of 6,775.49, a PEG 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 issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS 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, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HUBS shares. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a report on Thursday, February 13th. Canaccord Genuity Group upped their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Piper Sandler lifted their price objective on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company increased their target price on 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

Insiders Place Their Bets

In other news, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the sale, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. This trade represents a 25.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,997 shares of company stock valued at $35,796,526. 4.50% of the stock is currently owned by insiders.

HubSpot Company 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.