HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 96.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,362 shares of the software maker’s stock after acquiring an additional 3,125 shares during the quarter. Cabot Wealth Management Inc.’s holdings in HubSpot were worth $4,433,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Valliance Asset Management Ltd bought a new stake in shares of HubSpot during the fourth quarter valued at about $1,045,000. First Horizon Advisors Inc. increased its stake in HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after buying an additional 15 shares during the period. Compass Capital Corp MA ADV bought a new stake in shares of HubSpot during the 4th quarter worth about $291,000. Handelsbanken Fonder AB lifted its stake in shares of HubSpot by 2.8% in the 4th quarter. Handelsbanken Fonder AB now owns 16,531 shares of the software maker’s stock worth $11,518,000 after acquiring an additional 458 shares during the period. Finally, Ieq Capital LLC boosted its holdings in shares of HubSpot by 336.3% in the fourth quarter. Ieq Capital LLC now owns 9,459 shares of the software maker’s stock valued at $6,591,000 after acquiring an additional 7,291 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

HubSpot stock opened at $726.43 on Friday. The firm’s 50 day moving average price is $739.92 and its two-hundred day moving average price is $632.79. The firm has a market cap of $37.88 billion, a PE ratio of 8,072.32, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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%. Equities analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a report on Thursday, February 13th. Bank of America upped their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Truist Financial reaffirmed a “buy” rating and set a $900.00 target price (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Evercore ISI boosted their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Barclays restated an “equal weight” rating on shares of HubSpot in a research report on Thursday, February 13th. Four research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

Insider Buying and Selling at HubSpot

In related news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was 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 directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 over the last ninety days. 4.50% of the stock is currently owned by insiders.

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.