HubSpot, Inc. (NYSE:HUBS) Shares Sold by Synergy Financial Group LTD

Synergy Financial Group LTD cut its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 847 shares of the software maker’s stock after selling 86 shares during the quarter. Synergy Financial Group LTD’s holdings in HubSpot were worth $590,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% in the fourth 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. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the third quarter valued at $25,000. Bank of Jackson Hole Trust acquired a new position in shares of HubSpot during the 4th quarter worth about $35,000. HM Payson & Co. boosted its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in shares of HubSpot in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 in the company, valued at $374,819,745.70. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock worth $35,878,612 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company lifted 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. Royal Bank of Canada increased their price target on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Truist Financial reissued a “buy” rating and issued a $900.00 price target (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. UBS Group upgraded shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Finally, Canaccord Genuity Group raised their price target on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Four 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Stock Performance

Shares of HubSpot stock opened at $723.26 on Tuesday. The firm has a market cap of $37.72 billion, a PE ratio of 8,037.08, a P/E/G ratio of 41.44 and a beta of 1.72. The business’s 50 day simple moving average is $739.45 and its 200 day simple moving average is $635.73. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 predict that HubSpot, Inc. will post 1.01 EPS for the current 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.