Allworth Financial LP Has $52,000 Stock Position in HubSpot, Inc. (NYSE:HUBS)

Allworth Financial LP lowered its position in shares of HubSpot, Inc. (NYSE:HUBS) by 20.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90 shares of the software maker’s stock after selling 23 shares during the quarter. Allworth Financial LP’s holdings in HubSpot were worth $52,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC raised its stake in HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. Quarry LP raised its stake in HubSpot by 333.3% in the first quarter. Quarry LP now owns 91 shares of the software maker’s stock valued at $39,000 after purchasing an additional 70 shares in the last quarter. Alta Advisers Ltd acquired a new position in HubSpot in the third quarter valued at about $49,000. KB Financial Partners LLC acquired a new position in HubSpot in the first quarter valued at about $49,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in HubSpot by 50.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 116 shares of the software maker’s stock valued at $57,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS stock opened at $663.35 on Friday. The business’s 50 day simple moving average is $623.25 and its 200 day simple moving average is $548.24. HubSpot, Inc. has a one year low of $399.48 and a one year high of $693.85. The stock has a market capitalization of $33.61 billion, a PE ratio of -186.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96.

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

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $555.84, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $555.84, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dawson Alyssa Harvey sold 969 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total value of $591,090.00. Following the transaction, the insider now directly owns 7,225 shares in the company, valued at $4,407,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,362 shares of company stock valued at $13,329,601. 4.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on HUBS. Wells Fargo & Company boosted their price target on HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. JPMorgan Chase & Co. lifted their target price on HubSpot from $530.00 to $630.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Royal Bank of Canada lifted their target price on HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, Truist Financial lifted their target price on HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $642.36.

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.