Smith Salley Wealth Management Takes $348,000 Position in HubSpot, Inc. (NYSE:HUBS)

Smith Salley Wealth Management purchased a new stake in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 500 shares of the software maker’s stock, valued at approximately $348,000.

Several other hedge funds also recently made changes to their positions in HUBS. Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the third quarter worth about $25,000. HM Payson & Co. lifted its stake in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Friedenthal Financial bought a new stake in HubSpot during the fourth quarter worth about $50,000. Crewe Advisors LLC lifted its stake in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after purchasing an additional 28 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in HubSpot during the third quarter worth about $62,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Trading Down 1.8 %

HUBS stock opened at $704.08 on Monday. The stock’s 50 day simple moving average is $713.49 and its 200 day simple moving average is $586.01. The stock has a market capitalization of $36.34 billion, a PE ratio of -2,607.59, a price-to-earnings-growth ratio of 41.24 and a beta of 1.70. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS 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 company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same period last year, the firm earned ($0.04) EPS. HubSpot’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, research analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Scotiabank lifted their price target on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their target price on HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley boosted their target price on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $721.26.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now 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. In the last quarter, insiders sold 78,066 shares of company stock worth $54,900,427. Corporate insiders own 4.50% of the company’s stock.

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.