113,574 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 113,574 shares of the software maker’s stock, valued at approximately $79,135,000. Proficio Capital Partners LLC owned 0.22% of HubSpot as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in HubSpot by 50.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker’s stock valued at $1,699,000 after purchasing an additional 1,073 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of HubSpot by 57.4% in the third quarter. J.W. Cole Advisors Inc. now owns 639 shares of the software maker’s stock worth $340,000 after purchasing an additional 233 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of HubSpot by 5.5% in the third quarter. Nisa Investment Advisors LLC now owns 3,285 shares of the software maker’s stock worth $1,746,000 after purchasing an additional 170 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in HubSpot during the third quarter valued at approximately $624,000. Finally, abrdn plc grew its position in HubSpot by 43.1% during the third quarter. abrdn plc now owns 31,541 shares of the software maker’s stock valued at $16,767,000 after acquiring an additional 9,496 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Evercore ISI increased their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Redburn Atlantic assumed coverage on HubSpot in a research report on Wednesday, February 19th. They set a “buy” rating for the company. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Needham & Company LLC lifted their price objective on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Truist Financial reiterated a “buy” rating and issued a $900.00 price objective (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Stock Down 1.6 %

Shares of NYSE:HUBS opened at $712.63 on Friday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock has a market cap of $37.17 billion, a price-to-earnings ratio of 7,919.00, a PEG ratio of 41.44 and a beta of 1.72. The business has a 50-day moving average price of $739.58 and a 200-day moving average price of $638.60.

HubSpot (NYSE:HUBS) last announced its quarterly 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the transaction, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 over the last three months. 4.50% of the stock is currently 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.