Sax Wealth Advisors LLC Acquires 241 Shares of HubSpot, Inc. (NYSE:HUBS)

Sax Wealth Advisors LLC raised its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 39.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 857 shares of the software maker’s stock after acquiring an additional 241 shares during the quarter. Sax Wealth Advisors LLC’s holdings in HubSpot were worth $597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot during the 3rd quarter worth $25,000. HM Payson & Co. lifted its position in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the last quarter. Friedenthal Financial bought a new stake in HubSpot during the fourth quarter valued at about $50,000. Crewe Advisors LLC boosted its holdings in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after acquiring an additional 28 shares during the period. Finally, True Wealth Design LLC acquired a new stake in shares of HubSpot in the third quarter valued at about $62,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the transaction, the insider now directly owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Stock Down 1.8 %

Shares of HubSpot stock opened at $704.08 on Friday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47. The stock has a market capitalization of $36.34 billion, a P/E ratio of -2,607.59, a price-to-earnings-growth ratio of 41.24 and a beta of 1.70. The company has a 50-day simple moving average of $713.49 and a 200 day simple moving average of $586.06.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share. On average, equities analysts anticipate that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HUBS shares. BMO Capital Markets increased their target price on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Oppenheimer raised their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays upped their target price on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Bank of America raised their price target on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $721.26.

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.