Friedenthal Financial Purchases New Shares in HubSpot, Inc. (NYSE:HUBS)

Friedenthal Financial purchased a new position in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 72 shares of the software maker’s stock, valued at approximately $50,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the third quarter worth $25,000. HM Payson & Co. raised its position in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Crewe Advisors LLC boosted its stake in HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after purchasing an additional 28 shares in the last quarter. True Wealth Design LLC purchased a new stake in HubSpot during the 3rd quarter valued at about $62,000. Finally, Truvestments Capital LLC bought a new stake in HubSpot during the 3rd quarter valued at about $76,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barclays upped their target price on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Bank of America increased their target price on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Royal Bank of Canada increased their price objective on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their target price on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $719.30.

HubSpot Trading Down 0.6 %

NYSE HUBS opened at $700.05 on Tuesday. The stock has a market cap of $36.14 billion, a price-to-earnings ratio of -2,592.68, a PEG ratio of 87.75 and a beta of 1.70. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The company’s 50 day moving average is $706.34 and its two-hundred day moving average is $582.66.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter in the previous year, the company earned ($0.04) EPS. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. Sell-side analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the sale, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is owned by corporate insiders.

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.