B. Riley Wealth Advisors Inc. Decreases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

B. Riley Wealth Advisors Inc. lessened its holdings in HubSpot, Inc. (NYSE:HUBS) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 622 shares of the software maker’s stock after selling 43 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in HubSpot were worth $329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Financial Partners LLC lifted its stake in shares of HubSpot by 6.9% during the second quarter. Catalyst Financial Partners LLC now owns 539 shares of the software maker’s stock worth $318,000 after purchasing an additional 35 shares in the last quarter. Bailard Inc. boosted its holdings in HubSpot by 26.9% in the 2nd quarter. Bailard Inc. now owns 13,115 shares of the software maker’s stock worth $7,735,000 after acquiring an additional 2,779 shares during the period. State of Michigan Retirement System acquired a new stake in HubSpot in the second quarter valued at approximately $25,774,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of HubSpot during the second quarter valued at approximately $237,000. Finally, Kintegral Advisory LLC purchased a new position in shares of HubSpot in the second quarter valued at $1,316,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets boosted their price target on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus raised their price objective on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Barclays upped their target price on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Truist Financial reissued a “buy” rating and set a $750.00 price target (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $702.23.

HubSpot Trading Up 2.4 %

NYSE:HUBS opened at $719.00 on Friday. The stock has a 50 day moving average of $655.94 and a 200-day moving average of $568.79. The firm has a market capitalization of $37.12 billion, a PE ratio of -2,662.86, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $762.47.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the prior year, the business earned ($0.04) EPS. The firm’s revenue was up 20.1% on a year-over-year basis. As a group, analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $21,695,632.56. The trade was a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,890 shares of company stock worth $53,825,871. Insiders own 4.50% of the company’s stock.

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.