Chicago Partners Investment Group LLC Decreases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Chicago Partners Investment Group LLC lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 24.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,995 shares of the software maker’s stock after selling 633 shares during the period. Chicago Partners Investment Group LLC’s holdings in HubSpot were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HUBS. Institute for Wealth Management LLC. purchased a new stake in shares of HubSpot during the 4th quarter worth approximately $205,000. Oak Harvest Investment Services bought a new position in HubSpot during the fourth quarter valued at $2,065,000. Gries Financial LLC purchased a new stake in HubSpot in the fourth quarter worth $210,000. Swedbank AB raised its stake in shares of HubSpot by 3.2% in the fourth quarter. Swedbank AB now owns 27,206 shares of the software maker’s stock valued at $18,956,000 after buying an additional 845 shares during the period. Finally, R Squared Ltd purchased a new position in shares of HubSpot during the 4th quarter valued at $174,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HubSpot stock opened at $779.52 on Monday. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $811.79. The firm’s fifty day moving average price is $724.40 and its 200-day moving average price is $601.24. The stock has a market cap of $40.24 billion, a P/E ratio of -2,887.02, a price-to-earnings-growth ratio of 43.22 and a beta of 1.70.

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

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the sale, the insider now owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock worth $54,900,427 in the last quarter. 4.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on HUBS. Mizuho boosted their price objective on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Royal Bank of Canada boosted their price target on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Stifel Nicolaus raised their price objective on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Bank of America boosted their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $750.00 price target (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $724.52.

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.