Wolff Wiese Magana LLC Sells 16 Shares of HubSpot, Inc. (NYSE:HUBS)

Wolff Wiese Magana LLC cut its stake in HubSpot, Inc. (NYSE:HUBS) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 379 shares of the software maker’s stock after selling 16 shares during the quarter. Wolff Wiese Magana LLC’s holdings in HubSpot were worth $264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot during the 3rd quarter worth approximately $25,000. HM Payson & Co. boosted its stake in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the period. Friedenthal Financial bought a new position in shares of HubSpot in the fourth quarter worth about $50,000. Crewe Advisors LLC increased its stake in HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after buying an additional 28 shares during the period. Finally, True Wealth Design LLC bought a new stake in HubSpot during the 3rd quarter valued at about $62,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of research analyst reports. Evercore ISI upped their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays raised their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Finally, Oppenheimer raised their price objective on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $719.30.

HubSpot Trading Up 3.0 %

HUBS stock opened at $724.60 on Wednesday. The business’s 50-day moving average is $708.82 and its 200 day moving average is $583.45. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47. The stock has a market cap of $37.41 billion, a price-to-earnings ratio of -2,683.60, a PEG ratio of 87.75 and a beta of 1.70.

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

Insider Activity

In other news, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. This trade represents a 25.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,066 shares of company stock valued at $54,900,427. Company insiders own 4.50% of the company’s stock.

HubSpot Company 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.