500 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Smith Salley Wealth Management

Smith Salley Wealth Management acquired a new stake in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 500 shares of the software maker’s stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBS. Dimensional Fund Advisors LP raised its holdings in HubSpot by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 77,292 shares of the software maker’s stock valued at $45,586,000 after acquiring an additional 6,138 shares in the last quarter. Amalgamated Bank raised its holdings in HubSpot by 3.6% in the 2nd quarter. Amalgamated Bank now owns 3,303 shares of the software maker’s stock valued at $1,948,000 after acquiring an additional 114 shares in the last quarter. Blair William & Co. IL raised its holdings in HubSpot by 39.8% in the 2nd quarter. Blair William & Co. IL now owns 1,995 shares of the software maker’s stock valued at $1,177,000 after acquiring an additional 568 shares in the last quarter. Profund Advisors LLC acquired a new position in shares of HubSpot during the 2nd quarter worth $1,960,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of HubSpot during the 2nd quarter worth $361,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HUBS shares. Evercore ISI boosted their price target on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their price target on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley boosted their price target on HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Canaccord Genuity Group boosted their price target on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $721.26.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 1,796 shares of the company’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 transaction 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 represents a 4.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the transaction, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is owned by company insiders.

HubSpot Price Performance

Shares of HubSpot stock opened at $704.08 on Monday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $762.47. The stock’s 50-day moving average is $713.49 and its 200 day moving average is $586.01. The firm has a market cap of $36.34 billion, a price-to-earnings ratio of -2,607.59, a PEG ratio of 41.24 and a beta of 1.70.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate 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 company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, sell-side analysts expect that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

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.