Wealth Alliance Buys New Stake in HubSpot, Inc. (NYSE:HUBS)

Wealth Alliance bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 379 shares of the software maker’s stock, valued at approximately $220,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in HubSpot by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock worth $2,300,168,000 after purchasing an additional 41,689 shares during the last quarter. JPMorgan Chase & Co. grew its position in HubSpot by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after purchasing an additional 166,381 shares during the last quarter. Wellington Management Group LLP grew its position in HubSpot by 26.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after purchasing an additional 257,632 shares during the last quarter. Clearbridge Investments LLC grew its position in HubSpot by 33.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock worth $535,934,000 after purchasing an additional 284,039 shares during the last quarter. Finally, Durable Capital Partners LP boosted its holdings in shares of HubSpot by 7.5% in the fourth quarter. Durable Capital Partners LP now owns 986,355 shares of the software maker’s stock valued at $285,185,000 after acquiring an additional 68,833 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Price Performance

HubSpot stock opened at $631.64 on Friday. HubSpot, Inc. has a 1 year low of $399.48 and a 1 year high of $693.85. The firm has a 50 day moving average price of $625.12 and a 200 day moving average price of $552.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The firm had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. As a group, sell-side analysts forecast that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 2,874 shares of the business’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 sale, the chief executive officer now directly owns 74,784 shares in the company, valued at $46,898,542.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the sale, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,362 shares of company stock worth $14,012,491. 4.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on HUBS. Piper Sandler reaffirmed an “overweight” rating and issued a $675.00 target price on shares of HubSpot in a report on Friday, April 5th. Barclays raised their price objective on shares of HubSpot from $475.00 to $600.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Royal Bank of Canada raised their price objective on shares of HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, TheStreet upgraded shares of HubSpot from a “d+” rating to a “c-” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $642.36.

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.