HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,792 shares of the software maker’s stock after purchasing an additional 171 shares during the period. Independent Advisor Alliance’s holdings in HubSpot were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new position in HubSpot in the 4th quarter worth approximately $35,000. Finally, Friedenthal Financial acquired a new stake in HubSpot in the fourth quarter valued at approximately $50,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the sale, the insider now directly owns 513,698 shares in the company, valued at $374,819,745.70. This trade represents a 1.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,997 shares of company stock valued at $35,796,526. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Up 1.9 %

Shares of HUBS stock opened at $609.73 on Friday. The company has a market cap of $31.80 billion, a P/E ratio of 6,775.49, a PEG ratio of 41.44 and a beta of 1.80. The business has a 50 day moving average of $725.59 and a two-hundred day moving average of $650.40. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent research reports. Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Bank of America upped their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a research report on Thursday, February 13th. Scotiabank increased their price target on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group lifted their price objective on HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $863.96.

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.