HubSpot, Inc. (NYSE:HUBS) Position Boosted by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its position in HubSpot, Inc. (NYSE:HUBS) by 39.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 857 shares of the software maker’s stock after buying an additional 241 shares during the quarter. Sax Wealth Advisors LLC’s holdings in HubSpot were worth $597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares during the period. Geode Capital Management LLC raised its position in shares of HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after purchasing an additional 19,974 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after purchasing an additional 86,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in HubSpot by 8.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after purchasing an additional 40,138 shares during the period. Finally, Holocene Advisors LP grew its stake in HubSpot by 17.5% during the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after buying an additional 47,736 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. The trade was a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HUBS has been the subject of several analyst reports. 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 report on Friday, January 3rd. Truist Financial restated a “buy” rating and issued a $750.00 target price (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Stifel Nicolaus lifted their price target on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a report on Monday, December 9th. BMO Capital Markets increased their price objective on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $721.26.

HubSpot Price Performance

HubSpot stock opened at $704.08 on Friday. The company has a market cap of $36.34 billion, a P/E ratio of -2,607.59, a price-to-earnings-growth ratio of 41.24 and a beta of 1.70. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $762.47. The firm’s 50 day simple moving average is $713.49 and its 200-day simple moving average is $586.06.

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

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.