Paces Ferry Wealth Advisors LLC Grows Stake in HubSpot, Inc. (NYSE:HUBS)

Paces Ferry Wealth Advisors LLC grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 50.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 770 shares of the software maker’s stock after buying an additional 258 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in HubSpot were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quest Partners LLC raised its holdings in HubSpot by 125.6% in the 3rd quarter. Quest Partners LLC now owns 871 shares of the software maker’s stock worth $463,000 after purchasing an additional 485 shares in the last quarter. Caprock Group LLC lifted its holdings in HubSpot by 16.8% in the third quarter. Caprock Group LLC now owns 673 shares of the software maker’s stock worth $358,000 after buying an additional 97 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in HubSpot during the 3rd quarter valued at approximately $1,706,000. Commerce Bank grew its holdings in shares of HubSpot by 16.0% during the 3rd quarter. Commerce Bank now owns 6,633 shares of the software maker’s stock worth $3,526,000 after acquiring an additional 917 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of HubSpot by 14.9% in the 3rd quarter. Intech Investment Management LLC now owns 2,788 shares of the software maker’s stock worth $1,482,000 after acquiring an additional 362 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the subject of a number of research reports. Truist Financial reiterated a “buy” rating and issued a $900.00 price objective (up previously from $750.00) on shares of HubSpot in a report on Thursday, February 13th. The Goldman Sachs Group lifted their price target on shares of HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Piper Sandler upped their price objective on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a research note on Thursday, February 13th. Finally, Stifel Nicolaus boosted their price target on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $853.32.

Insiders Place Their Bets

In related news, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the completion of the transaction, the director now owns 1,125 shares of the company’s stock, valued at approximately $811,800. This represents a 33.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,425 shares of company stock worth $15,866,151. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Up 1.1 %

NYSE HUBS opened at $604.89 on Friday. The firm has a market capitalization of $31.55 billion, a P/E ratio of 6,721.75, a PEG ratio of 41.44 and a beta of 1.80. The company has a 50-day moving average price of $715.33 and a 200-day moving average price of $655.14. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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 anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

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.