Burney Co. Sells 188 Shares of HubSpot, Inc. (NYSE:HUBS)

Burney Co. cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,390 shares of the software maker’s stock after selling 188 shares during the quarter. Burney Co.’s holdings in HubSpot were worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $25,000. 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 acquiring an additional 18 shares in the last quarter. Friedenthal Financial purchased a new position in HubSpot during the 4th quarter valued at $50,000. Crewe Advisors LLC raised its holdings in HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after purchasing an additional 28 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of HubSpot in the 3rd quarter worth about $62,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the topic of several research analyst reports. Oppenheimer boosted their price target on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus upped their target price on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Royal Bank of Canada raised their price objective on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. UBS Group upgraded shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their target price on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $719.30.

HubSpot Stock Performance

Shares of HubSpot stock opened at $718.34 on Friday. The stock’s fifty day moving average is $711.05 and its 200 day moving average is $584.33. HubSpot, Inc. has a one year low of $434.84 and a one year high of $762.47. The stock has a market cap of $37.08 billion, a P/E ratio of -2,660.43, a P/E/G ratio of 41.24 and a beta of 1.70.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share. Analysts predict that HubSpot, Inc. will post 0.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was 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 approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock valued at $54,900,427 over the last 90 days. 4.50% of the stock is currently owned by corporate 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.