Peterson Wealth Services Buys Shares of 385 HubSpot, Inc. (NYSE:HUBS)

Peterson Wealth Services acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 385 shares of the software maker’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in shares of HubSpot in the fourth quarter worth $29,000. Venturi Wealth Management LLC raised its holdings in shares of HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after acquiring an additional 47 shares during the last quarter. Quarry LP raised its holdings in shares of HubSpot by 333.3% in the first quarter. Quarry LP now owns 91 shares of the software maker’s stock worth $39,000 after acquiring an additional 70 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of HubSpot by 29.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after purchasing an additional 21 shares during the period. Finally, Alta Advisers Ltd purchased a new stake in shares of HubSpot in the third quarter valued at $49,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $675.00 price objective on shares of HubSpot in a research report on Friday, April 5th. TheStreet raised HubSpot from a “d+” rating to a “c-” rating in a research report on Thursday, January 4th. Royal Bank of Canada boosted their price target on HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Barclays boosted their price target on HubSpot from $475.00 to $600.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Truist Financial upped their target price on HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $642.36.

HubSpot Price Performance

Shares of NYSE HUBS traded up $23.22 during mid-day trading on Thursday, reaching $656.67. The company had a trading volume of 226,476 shares, compared to its average volume of 475,606. HubSpot, Inc. has a 1-year low of $399.48 and a 1-year high of $693.85. The company has a 50-day moving average price of $625.00 and a two-hundred day moving average price of $551.30. The stock has a market cap of $33.27 billion, a PE ratio of -178.59 and a beta of 1.58. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. The business had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. On average, equities analysts anticipate that HubSpot, Inc. will post -0.98 earnings per share for the current year.

Insider Activity at HubSpot

In related news, insider Dawson Alyssa Harvey sold 969 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $610.00, for a total transaction of $591,090.00. Following the transaction, the insider now directly owns 7,225 shares in the company, valued at $4,407,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other HubSpot news, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total transaction of $591,090.00. Following the sale, the insider now directly owns 7,225 shares of the company’s stock, valued at $4,407,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the sale, the chief executive officer now directly owns 88,977 shares in the company, valued at $55,165,740. The disclosure for this sale can be found here. Insiders have sold 13,862 shares of company stock worth $8,604,961 over the last three months. Company insiders own 4.90% of the company’s stock.

About HubSpot

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.