Wealth Enhancement Advisory Services LLC Acquires 49 Shares of HubSpot, Inc. (NYSE:HUBS)

Wealth Enhancement Advisory Services LLC grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 1.5% during the 4th quarter, Holdings Channel reports. The fund owned 3,246 shares of the software maker’s stock after buying an additional 49 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in HubSpot were worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GDS Wealth Management bought a new position in HubSpot in the 3rd quarter worth approximately $2,149,000. Pallas Capital Advisors LLC bought a new position in shares of HubSpot during the third quarter worth $624,000. Icon Wealth Advisors LLC grew its stake in HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after acquiring an additional 20,479 shares in the last quarter. Curi RMB Capital LLC increased its holdings in HubSpot by 15.1% in the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after acquiring an additional 937 shares during the last quarter. Finally, Melqart Asset Management UK Ltd lifted its stake in HubSpot by 15.2% in the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock worth $18,010,000 after purchasing an additional 4,468 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Up 0.5 %

Shares of HubSpot stock opened at $702.78 on Wednesday. The company has a market cap of $36.28 billion, a P/E ratio of -2,602.79, a PEG ratio of 87.75 and a beta of 1.70. The firm’s 50 day moving average price is $708.82 and its 200-day moving average price is $583.45. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $762.47.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter last year, the firm earned ($0.04) EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of HubSpot stock in a transaction dated Tuesday, November 12th. The stock was 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 of the company’s stock, valued at $28,881,300. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HUBS shares. Oppenheimer raised their price objective on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Scotiabank raised their target price on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a report on Wednesday, January 8th. Barclays upped their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Wells Fargo & Company boosted their target price on shares of HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $719.30.

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.