Wealth Enhancement Advisory Services LLC Has $2.96 Million Stock Holdings in HubSpot, Inc. $HUBS

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in HubSpot, Inc. by 16.3% during the second quarter, holding 5,269 shares worth approximately $2.96 million as of its latest SEC filing.
• HubSpot reported earnings of $2.19 per share for the last quarter, exceeding analysts' expectations, with revenue increasing by 19.4% year-over-year to $760.87 million.
• The stock currently holds an average consensus rating of "Moderate Buy" with a price target of $722.93, indicating positive sentiment among analysts despite recent target price reductions.

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 16.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,269 shares of the software maker's stock after selling 1,024 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in HubSpot were worth $2,955,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC raised its holdings in HubSpot by 1.1% during the first quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker's stock worth $861,000 after buying an additional 16 shares during the last quarter. WCM Investment Management LLC raised its holdings in HubSpot by 0.6% during the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock worth $1,553,000 after buying an additional 17 shares during the last quarter. Yousif Capital Management LLC raised its holdings in HubSpot by 3.0% during the first quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock worth $378,000 after buying an additional 19 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of HubSpot by 3.5% in the first quarter. Ballentine Partners LLC now owns 584 shares of the software maker's stock valued at $334,000 after purchasing an additional 20 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of HubSpot by 5.2% in the first quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker's stock valued at $231,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Stock Performance

NYSE HUBS opened at $518.46 on Friday. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13. The company has a 50-day simple moving average of $492.16 and a 200 day simple moving average of $549.93. The company has a market capitalization of $27.32 billion, a PE ratio of -2,254.18, a price-to-earnings-growth ratio of 17.48 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 earnings per share. As a group, analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

HUBS has been the subject of several analyst reports. BMO Capital Markets lowered their target price on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Cantor Fitzgerald initiated coverage on shares of HubSpot in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 target price for the company. UBS Group reiterated an "outperform" rating on shares of HubSpot in a report on Wednesday, September 3rd. Piper Sandler initiated coverage on shares of HubSpot in a report on Thursday, September 4th. They issued an "overweight" rating and a $675.00 target price for the company. Finally, Barclays lowered their target price on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $722.93.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at $235,012,160.40. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Dharmesh Shah sold 17,253 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the transaction, the chief technology officer owned 1,275,805 shares of the company's stock, valued at $638,744,531.30. This represents a 1.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,094 shares of company stock worth $25,716,404 over the last ninety days. Company insiders own 4.00% 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.

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