Spire Wealth Management Lowers Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Spire Wealth Management trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 83.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 436 shares of the software maker's stock after selling 2,157 shares during the period. Spire Wealth Management's holdings in HubSpot were worth $249,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HUBS. Blue Trust Inc. raised its holdings in shares of HubSpot by 14.9% in the 1st quarter. Blue Trust Inc. now owns 693 shares of the software maker's stock valued at $396,000 after purchasing an additional 90 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of HubSpot by 25.1% in the 1st quarter. Farther Finance Advisors LLC now owns 319 shares of the software maker's stock valued at $186,000 after buying an additional 64 shares during the last quarter. Northern Trust Corp raised its stake in HubSpot by 18.0% during the 4th quarter. Northern Trust Corp now owns 345,535 shares of the software maker's stock worth $240,758,000 after acquiring an additional 52,792 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in HubSpot in the first quarter valued at $226,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in HubSpot by 35.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,293 shares of the software maker's stock valued at $3,596,000 after acquiring an additional 1,646 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the completion of the sale, the director owned 523,984 shares in the company, valued at approximately $287,158,951.52. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer directly owned 72,373 shares of the company's stock, valued at $41,536,312.16. The trade was a 3.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,062 shares of company stock valued at $11,011,432 over the last 90 days. Insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several research analyst reports. Wall Street Zen downgraded HubSpot from a "buy" rating to a "hold" rating in a report on Sunday, June 15th. Needham & Company LLC reiterated a "buy" rating and set a $900.00 price target on shares of HubSpot in a research note on Friday, May 9th. Mizuho dropped their price objective on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. UBS Group upped their target price on shares of HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Cantor Fitzgerald assumed coverage on HubSpot in a report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and an average target price of $766.71.

HubSpot Price Performance

HUBS traded up $7.56 during midday trading on Monday, reaching $558.19. 508,757 shares of the company's stock were exchanged, compared to its average volume of 625,510. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock has a market capitalization of $29.44 billion, a PE ratio of -1,240.42, a P/E/G ratio of 20.01 and a beta of 1.70. The business's 50-day moving average price is $599.31 and its 200 day moving average price is $648.95.

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.