Wealth Enhancement Advisory Services LLC Raises Stake in HubSpot, Inc. (NYSE:HUBS)

Wealth Enhancement Advisory Services LLC raised its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 1.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,246 shares of the software maker’s stock after buying an additional 49 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in HubSpot were worth $2,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HUBS. Fulton Bank N.A. boosted its position in shares of HubSpot by 7.9% in the fourth quarter. Fulton Bank N.A. now owns 1,005 shares of the software maker’s stock valued at $700,000 after acquiring an additional 74 shares during the period. Diversified Trust Co boosted its holdings in HubSpot by 103.8% in the 4th quarter. Diversified Trust Co now owns 1,300 shares of the software maker’s stock valued at $906,000 after purchasing an additional 662 shares during the period. Nordea Investment Management AB grew its position in shares of HubSpot by 7.7% during the 4th quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker’s stock valued at $2,987,000 after purchasing an additional 306 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of HubSpot during the 4th quarter valued at $1,010,000. Finally, GAMMA Investing LLC increased its holdings in shares of HubSpot by 16.9% in the fourth quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock worth $154,000 after purchasing an additional 32 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on HUBS. Royal Bank of Canada upped their price objective on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Barclays increased their target price on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley raised their price objective on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a report on Monday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $750.00 target price (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $719.30.

HubSpot Price Performance

Shares of NYSE HUBS opened at $702.78 on Wednesday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47. The stock has a market capitalization of $36.28 billion, a P/E ratio of -2,602.79, a P/E/G ratio of 87.75 and a beta of 1.70. The company’s 50-day moving average is $708.82 and its 200 day moving average is $583.45.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping 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 firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same quarter in the prior year, the business earned ($0.04) EPS. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. Research analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock valued at $54,900,427 over the last ninety days. Company insiders own 4.50% of the company’s stock.

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.