Sequoia Financial Advisors LLC Buys 150 Shares of HubSpot, Inc. (NYSE:HUBS)

Sequoia Financial Advisors LLC grew its position in shares of HubSpot, Inc. (NYSE:HUBS) by 21.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 840 shares of the software maker’s stock after buying an additional 150 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in HubSpot were worth $585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC boosted its position in HubSpot by 65.6% in the fourth quarter. HighTower Advisors LLC now owns 7,512 shares of the software maker’s stock worth $5,234,000 after purchasing an additional 2,977 shares during the last quarter. Prosperity Financial Group Inc. boosted its holdings in shares of HubSpot by 18.3% in the fourth quarter. Prosperity Financial Group Inc. now owns 712 shares of the software maker’s stock worth $496,000 after buying an additional 110 shares during the last quarter. Wealthfront Advisers LLC grew its position in HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after buying an additional 129,357 shares during the period. Independent Advisor Alliance increased its holdings 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 last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in HubSpot by 1.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,544 shares of the software maker’s stock worth $19,889,000 after acquiring an additional 280 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and upped their price objective for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Piper Sandler raised their price objective on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Stifel Nicolaus boosted their price objective on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Truist Financial restated a “buy” rating and set a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Finally, Oppenheimer upped their price target on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $863.96.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 3,057 shares of HubSpot 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 completion of the sale, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $721.60, for a total transaction of $412,755.20. Following the transaction, the director now directly owns 1,125 shares in the company, valued at approximately $811,800. This trade represents a 33.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,497 shares of company stock valued at $11,097,251 over the last 90 days. Insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of NYSE HUBS opened at $613.38 on Tuesday. The stock has a market capitalization of $31.99 billion, a P/E ratio of 6,816.05, a PEG ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The business’s 50 day moving average is $723.71 and its two-hundred day moving average is $653.35.

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

About HubSpot

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.