Wealth Alliance Sells 19 Shares of HubSpot, Inc. (NYSE:HUBS)

Wealth Alliance cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 367 shares of the software maker’s stock after selling 19 shares during the period. Wealth Alliance’s holdings in HubSpot were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Ieq Capital LLC lifted its stake in HubSpot by 336.3% in the fourth quarter. Ieq Capital LLC now owns 9,459 shares of the software maker’s stock worth $6,591,000 after purchasing an additional 7,291 shares during the last quarter. Private Wealth Partners LLC bought a new stake in HubSpot in the fourth quarter worth $209,000. Private Advisor Group LLC raised its stake in shares of HubSpot by 1.7% during the fourth quarter. Private Advisor Group LLC now owns 1,350 shares of the software maker’s stock valued at $941,000 after acquiring an additional 22 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of HubSpot by 7.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 224,120 shares of the software maker’s stock valued at $156,160,000 after acquiring an additional 16,278 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of HubSpot by 29.8% during the fourth quarter. Global Retirement Partners LLC now owns 157 shares of the software maker’s stock worth $109,000 after purchasing an additional 36 shares during the period. 90.39% of the stock is owned by institutional investors.

HubSpot Trading Down 2.9 %

NYSE:HUBS opened at $726.43 on Friday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The company has a market cap of $37.88 billion, a PE ratio of 8,072.32, a price-to-earnings-growth ratio of 42.71 and a beta of 1.72. The company has a 50 day simple moving average of $739.84 and a two-hundred day simple moving average of $629.64.

HubSpot (NYSE:HUBS) last issued 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 negative return on equity of 0.07% and a net margin of 0.17%. Research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HUBS shares. William Blair reiterated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. BMO Capital Markets increased their target price on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a report on Thursday, February 13th. Stifel Nicolaus increased their target price on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Mizuho increased their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $863.96.

Insider Transactions at HubSpot

In related news, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total transaction of $394,680.00. Following the transaction, the director now owns 1,697 shares in the company, valued at approximately $1,170,930. The trade was a 25.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock worth $35,878,612 in the last 90 days. 4.50% of the stock is currently owned by insiders.

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.