Foundry Partners LLC Invests $210,000 in HubSpot, Inc. (NYSE:HUBS)

Foundry Partners LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 361 shares of the software maker’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. Rakuten Securities Inc. purchased a new position in shares of HubSpot in the fourth quarter worth $29,000. Venturi Wealth Management LLC boosted its holdings in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after acquiring an additional 47 shares during the last quarter. Alta Advisers Ltd bought a new stake in shares of HubSpot in the third quarter worth approximately $49,000. Hazlett Burt & Watson Inc. raised its holdings in shares of HubSpot by 29.2% during 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 last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in HubSpot by 50.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 116 shares of the software maker’s stock valued at $57,000 after purchasing an additional 39 shares during the period. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 3.0 %

Shares of HUBS opened at $651.77 on Wednesday. HubSpot, Inc. has a fifty-two week low of $399.48 and a fifty-two week high of $693.85. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average price of $626.40 and a 200-day moving average price of $556.45.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. The company had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. As a group, research analysts forecast that HubSpot, Inc. will post -0.98 EPS for the current year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 8,817 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the completion of the transaction, the chief executive officer now owns 88,977 shares in the company, valued at approximately $55,165,740. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other HubSpot news, insider Dawson Alyssa Harvey sold 1,086 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $618.25, for a total value of $671,419.50. Following the completion of the sale, the insider now owns 7,783 shares of the company’s stock, valued at $4,811,839.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 8,817 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the transaction, the chief executive officer now owns 88,977 shares in the company, valued at approximately $55,165,740. The disclosure for this sale can be found here. Insiders have sold a total of 22,362 shares of company stock valued at $14,012,491 in the last 90 days. Insiders own 4.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Truist Financial increased their price target on HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Wells Fargo & Company upped their target price on shares of HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Needham & Company LLC lifted their target price on HubSpot from $630.00 to $730.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Royal Bank of Canada upped their price target on HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, Wolfe Research lifted their price objective on HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $642.36.

HubSpot 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.