Wealthfront Advisers LLC Acquires 129,357 Shares of HubSpot, Inc. (NYSE:HUBS)

Wealthfront Advisers LLC grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 3,090.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 133,543 shares of the software maker’s stock after purchasing an additional 129,357 shares during the period. Wealthfront Advisers LLC owned approximately 0.26% of HubSpot worth $93,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HUBS. Wellington Management Group LLP increased its stake in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares during the last quarter. Raymond James Financial Inc. bought a new stake in HubSpot during the 4th quarter worth $157,019,000. Proficio Capital Partners LLC bought a new stake in HubSpot during the 4th quarter worth $79,135,000. Massachusetts Financial Services Co. MA grew its position in HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after acquiring an additional 86,688 shares during the last quarter. Finally, State of Michigan Retirement System grew its position in HubSpot by 87.7% during the 4th quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker’s stock worth $74,136,000 after acquiring an additional 49,700 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HUBS shares. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Mizuho boosted their price objective on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Piper Sandler boosted their price objective on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Wells Fargo & Company lifted their target price on HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, 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. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Performance

Shares of HUBS opened at $584.67 on Tuesday. The stock has a 50 day moving average price of $733.26 and a two-hundred day moving average price of $649.64. The firm has a market capitalization of $30.49 billion, a P/E ratio of 6,497.09, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

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

Insider Activity

In related news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock valued at $35,796,526 over the last three months. Corporate insiders own 4.50% of the company’s stock.

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.