Meeder Advisory Services Inc. Decreases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Meeder Advisory Services Inc. lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 8.7% during the 4th quarter, Holdings Channel reports. The firm owned 449 shares of the software maker’s stock after selling 43 shares during the period. Meeder Advisory Services Inc.’s holdings in HubSpot were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its stake in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after purchasing an additional 47 shares during the period. Quarry LP increased its holdings in HubSpot by 333.3% during the first quarter. Quarry LP now owns 91 shares of the software maker’s stock worth $39,000 after buying an additional 70 shares during the last quarter. Alta Advisers Ltd bought a new stake in HubSpot in the third quarter worth about $49,000. CVA Family Office LLC purchased a new position in HubSpot in the fourth quarter valued at about $58,000. Finally, Whittier Trust Co. grew its position in shares of HubSpot by 5,150.0% during the 4th quarter. Whittier Trust Co. now owns 105 shares of the software maker’s stock valued at $61,000 after acquiring an additional 103 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on HUBS. BMO Capital Markets lifted their price target on shares of HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Royal Bank of Canada boosted their target price on HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Barclays upped their price target on HubSpot from $475.00 to $600.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Needham & Company LLC lifted their price objective on HubSpot from $630.00 to $730.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Wolfe Research upped their price objective on shares of HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $642.36.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total transaction of $4,724,640.00. Following the transaction, the insider now directly owns 536,811 shares of the company’s stock, valued at $298,381,026.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total transaction of $4,724,640.00. Following the completion of the sale, the insider now directly owns 536,811 shares in the company, valued at $298,381,026.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the transaction, the insider now owns 7,225 shares in the company, valued at approximately $4,407,250. The disclosure for this sale can be found here. Insiders sold a total of 22,362 shares of company stock valued at $13,329,601 over the last quarter. 4.90% of the stock is owned by corporate insiders.

HubSpot Price Performance

HUBS stock opened at $659.13 on Wednesday. The company’s 50 day moving average is $619.93 and its 200 day moving average is $544.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. HubSpot, Inc. has a 1-year low of $394.26 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The firm had revenue of $581.91 million for the quarter, compared to analysts’ expectations of $557.48 million. Analysts expect that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

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.