Sheets Smith Wealth Management Invests $434,000 in HubSpot, Inc. (NYSE:HUBS)

Sheets Smith Wealth Management acquired a new stake in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 623 shares of the software maker’s stock, valued at approximately $434,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. increased its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the period. Pallas Capital Advisors LLC lifted its holdings in shares of HubSpot by 1.9% during the fourth quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock worth $798,000 after buying an additional 21 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of HubSpot by 4.6% in the fourth quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock valued at $393,000 after acquiring an additional 25 shares during the period. Finally, Motley Fool Asset Management LLC grew its stake in shares of HubSpot by 2.6% in the third quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after acquiring an additional 26 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Yamini Rangan sold 115 shares of the company’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 $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 4,381 shares of HubSpot stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock valued at $54,900,427 over the last three months. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley upped their target price on shares of HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Truist Financial reiterated a “buy” rating and issued a $750.00 target price (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their price target on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus lifted their price objective on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $721.26.

HubSpot Price Performance

HUBS stock opened at $731.22 on Thursday. The stock has a market capitalization of $37.75 billion, a price-to-earnings ratio of -2,708.14, a P/E/G ratio of 38.85 and a beta of 1.70. The business has a fifty day moving average price of $714.40 and a 200 day moving average price of $587.76. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $762.47.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share. On average, equities analysts expect that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

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.