Proficio Capital Partners LLC Buys Shares of 113,574 HubSpot, Inc. (NYSE:HUBS)

Proficio Capital Partners LLC bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 113,574 shares of the software maker’s stock, valued at approximately $79,135,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot in the third quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its position in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Bank of Jackson Hole Trust purchased a new stake in HubSpot in the fourth quarter valued at $35,000. HM Payson & Co. raised its position 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 purchasing an additional 18 shares during the period. Finally, Friedenthal Financial purchased a new stake in HubSpot in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their price objective on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Jefferies Financial Group boosted their price objective on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Piper Sandler upped their price target on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Bank of America upped their price target on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $863.96.

Insiders Place Their Bets

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at $374,819,745.70. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is owned by company insiders.

HubSpot Stock Down 1.6 %

Shares of NYSE HUBS opened at $712.63 on Friday. The stock has a market cap of $37.17 billion, a PE ratio of 7,919.00, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The business has a 50-day moving average price of $739.58 and a 200 day moving average price of $638.60.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share 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.