CBIZ Investment Advisory Services LLC Has $40,000 Stock Position in HubSpot, Inc. (NYSE:HUBS)

CBIZ Investment Advisory Services LLC lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 30.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57 shares of the software maker’s stock after selling 25 shares during the period. CBIZ Investment Advisory Services LLC’s holdings in HubSpot were worth $40,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the third quarter worth $25,000. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the period. Bank of Jackson Hole Trust bought a new position in HubSpot during the fourth quarter worth $35,000. Finally, Friedenthal Financial bought a new position in HubSpot during the fourth quarter worth $50,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. This represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $690.00, for a total transaction of $394,680.00. Following the transaction, the director now directly owns 1,697 shares of the company’s stock, valued at $1,170,930. This represents a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,997 shares of company stock valued at $35,796,526. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and lifted their target price for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Bank of America lifted their target price 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. Piper Sandler lifted their target price on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Truist Financial reissued a “buy” rating and set a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Price Performance

NYSE:HUBS opened at $609.73 on Friday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The company has a market cap of $31.80 billion, a PE ratio of 6,775.49, a PEG ratio of 41.44 and a beta of 1.80. The firm has a 50-day moving average of $725.59 and a 200-day moving average of $651.43.

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

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.