HubSpot, Inc. (NYSE:HUBS) Shares Bought by Avitas Wealth Management LLC

Avitas Wealth Management LLC grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,038 shares of the software maker’s stock after buying an additional 17 shares during the quarter. Avitas Wealth Management LLC’s holdings in HubSpot were worth $1,420,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. E. Ohman J or Asset Management AB raised its position in HubSpot by 13.0% in the fourth quarter. E. Ohman J or Asset Management AB now owns 2,260 shares of the software maker’s stock worth $1,575,000 after acquiring an additional 260 shares in the last quarter. Mather Group LLC. grew its stake in shares of HubSpot by 36.7% during the 4th quarter. Mather Group LLC. now owns 257 shares of the software maker’s stock worth $179,000 after purchasing an additional 69 shares during the period. GDS Wealth Management increased its holdings in shares of HubSpot by 44.5% in the 4th quarter. GDS Wealth Management now owns 5,844 shares of the software maker’s stock valued at $4,072,000 after purchasing an additional 1,801 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of HubSpot by 28.4% in the fourth quarter. Jennison Associates LLC now owns 111,345 shares of the software maker’s stock valued at $77,582,000 after purchasing an additional 24,638 shares during the period. Finally, Resonant Capital Advisors LLC purchased a new stake in HubSpot during the fourth quarter worth about $245,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HUBS shares. Stifel Nicolaus increased their target price on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a report on Monday, December 9th. Jefferies Financial Group raised their price objective on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial reiterated a “buy” rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Mizuho raised their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Scotiabank lifted their price target on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $732.88.

HubSpot Trading Up 0.0 %

NYSE HUBS opened at $765.26 on Wednesday. The business’s 50-day moving average price is $725.07 and its 200 day moving average price is $604.09. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $811.79. The company has a market capitalization of $39.50 billion, a PE ratio of -2,834.19, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72.

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

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 7,603 shares of the company’s stock, valued at $5,322,100. The trade was a 7.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,066 shares of company stock valued at $54,900,427. Insiders own 4.50% of the company’s stock.

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.