Exchange Traded Concepts LLC Has $2.79 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Exchange Traded Concepts LLC lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 15.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,003 shares of the software maker’s stock after selling 746 shares during the quarter. Exchange Traded Concepts LLC’s holdings in HubSpot were worth $2,789,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the last quarter. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the period. Friedenthal Financial acquired a new stake in HubSpot during the fourth quarter worth about $50,000. Finally, Crewe Advisors LLC increased its stake 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. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. BMO Capital Markets boosted their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Needham & Company LLC reissued a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Finally, UBS Group cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $721.26.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $28,881,300. This trade represents a 9.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following 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 disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock worth $54,900,427 over the last ninety days. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

NYSE HUBS opened at $728.24 on Friday. The stock has a market capitalization of $37.59 billion, a P/E ratio of -2,697.07, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $762.47. The stock has a fifty day moving average of $716.86 and a 200-day moving average of $590.78.

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

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.