HubSpot, Inc. (NYSE:HUBS) Shares Bought by IFP Advisors Inc

IFP Advisors Inc lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 9.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,212 shares of the software maker’s stock after acquiring an additional 108 shares during the period. IFP Advisors Inc’s holdings in HubSpot were worth $844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of HUBS. GDS Wealth Management bought a new position in HubSpot during the third quarter valued at about $2,149,000. Pallas Capital Advisors LLC bought a new stake in HubSpot in the third quarter worth about $624,000. Icon Wealth Advisors LLC lifted its holdings in HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after acquiring an additional 20,479 shares during the last quarter. Curi RMB Capital LLC boosted its position in shares of HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after purchasing an additional 937 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP grew its stake in shares of HubSpot by 113.4% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock worth $9,923,000 after purchasing an additional 9,919 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Down 1.6 %

NYSE HUBS opened at $712.63 on Friday. The company has a market capitalization 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 1-year low of $434.84 and a 1-year high of $881.13. The firm’s fifty day simple moving average is $739.58 and its 200-day simple moving average is $638.60.

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

Analysts Set New Price Targets

Several analysts recently commented on HUBS shares. Mizuho increased their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Piper Sandler increased their price objective on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Truist Financial restated a “buy” rating and issued a $900.00 target price (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Citigroup upped their target price on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Oppenheimer increased their price target on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $863.96.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 over the last ninety days. 4.50% of the stock is currently owned by insiders.

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.