HighPoint Advisor Group LLC Buys New Shares in HubSpot, Inc. (NYSE:HUBS)

HighPoint Advisor Group LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 679 shares of the software maker’s stock, valued at approximately $428,000.

Several other institutional investors have also recently made changes to their positions in the stock. Lincoln National Corp boosted its holdings in shares of HubSpot by 2.6% during the 4th quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock valued at $387,000 after purchasing an additional 17 shares during the last quarter. Addison Capital Co grew its holdings in HubSpot by 0.5% during the 4th quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock valued at $2,219,000 after buying an additional 18 shares in the last quarter. HB Wealth Management LLC increased its stake in HubSpot by 3.5% in the 4th quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock worth $326,000 after acquiring an additional 19 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in shares of HubSpot by 0.7% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 2,879 shares of the software maker’s stock worth $1,671,000 after acquiring an additional 20 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of HubSpot by 29.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of research reports. Mizuho reduced their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Stifel Nicolaus lowered their price objective on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Canaccord Genuity Group cut their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Piper Sandler lowered their price target on HubSpot from $675.00 to $655.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $641.00.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,874 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the completion of the transaction, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Dawson Alyssa Harvey sold 192 shares of HubSpot stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the transaction, the insider now directly owns 10,860 shares of the company’s stock, valued at approximately $7,059,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,874 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the sale, the chief executive officer now directly owns 74,784 shares in the company, valued at $46,898,542.08. The disclosure for this sale can be found here. Insiders have sold a total of 20,353 shares of company stock worth $12,845,623 over the last quarter. Insiders own 4.50% of the company’s stock.

HubSpot Trading Down 1.6 %

NYSE HUBS opened at $562.00 on Thursday. The stock has a market cap of $28.64 billion, a P/E ratio of -212.07 and a beta of 1.57. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The company has a fifty day simple moving average of $611.24 and a two-hundred day simple moving average of $599.58.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The company had revenue of $617.41 million during the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. On average, analysts forecast that HubSpot, Inc. will post -0.56 earnings per share for the current year.

About HubSpot

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.