Stonegate Investment Group LLC Has $593,000 Holdings in HubSpot, Inc. (NYSE:HUBS)

Stonegate Investment Group LLC trimmed its stake in HubSpot, Inc. (NYSE:HUBS) by 81.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 851 shares of the software maker’s stock after selling 3,834 shares during the period. Stonegate Investment Group LLC’s holdings in HubSpot were worth $593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HUBS. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot during the third quarter worth about $25,000. MassMutual Private Wealth & Trust FSB increased its position in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. HM Payson & Co. raised its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares in the last quarter. Friedenthal Financial bought a new position in HubSpot in the fourth quarter worth $50,000. Finally, Crewe Advisors LLC boosted its stake in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after buying an additional 28 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the subject of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and set a $750.00 price objective (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price target on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and upped their price objective for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Scotiabank raised their target price on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, January 8th. Finally, Mizuho upped their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $724.52.

HubSpot Stock Performance

NYSE HUBS opened at $794.37 on Wednesday. The stock has a market capitalization of $41.01 billion, a P/E ratio of -2,942.02, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $811.79. The stock has a fifty day moving average of $718.65 and a 200-day moving average of $593.59.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS 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 analyst estimates of $646.97 million. During the same period last year, the company earned ($0.04) earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. Equities research analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock valued at $54,900,427 over the last ninety days. Insiders own 4.50% of the company’s stock.

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.