Focus Partners Wealth Has $9.17 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Focus Partners Wealth lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 1,577.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,167 shares of the software maker's stock after acquiring an additional 12,382 shares during the quarter. Focus Partners Wealth's holdings in HubSpot were worth $9,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC boosted its holdings in shares of HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after acquiring an additional 13 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock worth $274,000 after acquiring an additional 13 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after acquiring an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC boosted its holdings in shares of HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock worth $1,420,000 after acquiring an additional 17 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on HUBS shares. KeyCorp upgraded shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a research report on Thursday, February 13th. Macquarie started coverage on shares of HubSpot in a research report on Monday, March 24th. They issued an "outperform" rating and a $730.00 price objective for the company. Needham & Company LLC restated a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a research report on Friday, May 9th. BNP Paribas started coverage on shares of HubSpot in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 price objective for the company. Finally, The Goldman Sachs Group dropped their price objective on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $767.33.

HubSpot Stock Down 0.5%

Shares of HUBS traded down $3.62 during trading hours on Friday, reaching $660.43. The stock had a trading volume of 687,933 shares, compared to its average volume of 621,704. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The firm has a 50-day moving average of $588.18 and a 200 day moving average of $670.37. The company has a market cap of $34.76 billion, a P/E ratio of 7,338.97, a P/E/G ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the transaction, the insider now directly owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. This represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at approximately $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,562 shares of company stock valued at $18,401,757. Company insiders own 4.50% of the company's stock.

HubSpot 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.