Wolff Wiese Magana LLC Trims Stock Position in HubSpot, Inc. (NYSE:HUBS)

Wolff Wiese Magana LLC reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

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

HubSpot Stock Performance

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

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. The company 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 business’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS. On average, equities research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Oppenheimer increased their price target on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Mizuho raised their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. The Goldman Sachs Group upped their price objective on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their target price on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $719.30.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 115 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $28,881,300. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock valued at $54,900,427 in the last ninety days. Corporate 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.