Wealthfront Advisers LLC Increases Stock Position in HubSpot, Inc. (NYSE:HUBS)

Wealthfront Advisers LLC lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 3,090.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 133,543 shares of the software maker’s stock after acquiring an additional 129,357 shares during the quarter. Wealthfront Advisers LLC’s holdings in HubSpot were worth $93,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HUBS. Independent Advisor Alliance boosted its stake in HubSpot by 10.5% during the fourth quarter. Independent Advisor Alliance now owns 1,792 shares of the software maker’s stock valued at $1,249,000 after buying an additional 171 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of HubSpot by 1.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,544 shares of the software maker’s stock valued at $19,889,000 after acquiring an additional 280 shares in the last quarter. AlphaQuest LLC boosted its position in shares of HubSpot by 69.2% during the 4th quarter. AlphaQuest LLC now owns 1,474 shares of the software maker’s stock valued at $1,027,000 after acquiring an additional 603 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of HubSpot during the 4th quarter valued at about $16,979,000. Finally, Larson Financial Group LLC boosted its position in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 3,057 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 transaction of $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,997 shares of company stock valued at $35,796,526. Insiders own 4.50% of the company’s stock.

HubSpot Stock Down 8.7 %

Shares of HUBS stock opened at $584.67 on Tuesday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a market cap of $30.49 billion, a price-to-earnings ratio of 6,497.09, a PEG ratio of 41.44 and a beta of 1.80. The business’s fifty day moving average is $733.26 and its 200 day moving average is $649.64.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

HUBS has been the subject of a number of research analyst reports. Raymond James lifted their price target on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their price target on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Citigroup lifted their price target on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, Truist Financial reiterated a “buy” rating and set a $900.00 price target (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $863.96.

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.