Moody National Bank Trust Division Has $2.54 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Moody National Bank Trust Division trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 11.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,648 shares of the software maker’s stock after selling 459 shares during the period. Moody National Bank Trust Division’s holdings in HubSpot were worth $2,542,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Graypoint LLC acquired a new stake in HubSpot in the fourth quarter valued at approximately $208,000. Wealth Enhancement Advisory Services LLC lifted its holdings in HubSpot by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker’s stock worth $2,262,000 after acquiring an additional 49 shares during the period. Fulton Bank N.A. boosted its position in HubSpot by 7.9% in the fourth quarter. Fulton Bank N.A. now owns 1,005 shares of the software maker’s stock worth $700,000 after purchasing an additional 74 shares during the last quarter. Diversified Trust Co grew its stake in HubSpot by 103.8% in the 4th quarter. Diversified Trust Co now owns 1,300 shares of the software maker’s stock valued at $906,000 after purchasing an additional 662 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of HubSpot by 7.7% during the 4th quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker’s stock worth $2,987,000 after purchasing an additional 306 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Evercore ISI increased their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Royal Bank of Canada upped their price target on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets lifted their price objective on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $719.30.

HubSpot Trading Down 1.4 %

Shares of HUBS traded down $10.20 during midday trading on Monday, hitting $694.16. 98,909 shares of the company’s stock traded hands, compared to its average volume of 326,948. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47. The firm’s fifty day moving average is $703.63 and its 200-day moving average is $581.86. The stock has a market capitalization of $35.84 billion, a price-to-earnings ratio of -2,570.87, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. On average, equities research analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Dharmesh Shah sold 25,000 shares of the 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 completion of the transaction, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, 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. In the last 90 days, insiders sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is owned by company 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.