IFP Advisors Inc Boosts Holdings in HubSpot, Inc. (NYSE:HUBS)

IFP Advisors Inc grew its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,212 shares of the software maker’s stock after acquiring an additional 108 shares during the quarter. IFP Advisors Inc’s holdings in HubSpot were worth $844,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the third quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of HubSpot during the 4th quarter worth $35,000. 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 buying an additional 18 shares during the period. Finally, Friedenthal Financial acquired a new position in HubSpot in the fourth quarter valued at $50,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on HUBS shares. Royal Bank of Canada upped their price target on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Mizuho increased their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus lifted their price target on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Oppenheimer increased their price objective on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Scotiabank lifted their target price on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $863.96.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $374,819,745.70. The trade was a 1.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock worth $35,878,612 over the last quarter. 4.50% of the stock is owned by corporate insiders.

HubSpot Trading Down 1.6 %

Shares of NYSE:HUBS opened at $712.63 on Friday. The firm has a market cap of $37.17 billion, a PE ratio of 7,919.00, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The company has a fifty day simple moving average of $739.58 and a 200 day simple moving average of $638.60. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

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

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.