Venturi Wealth Management LLC Grows Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Venturi Wealth Management LLC increased its stake in HubSpot, Inc. (NYSE:HUBS) by 13,454.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,491 shares of the software maker’s stock after buying an additional 1,480 shares during the period. Venturi Wealth Management LLC’s holdings in HubSpot were worth $1,039,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in HubSpot by 10.7% in the third quarter. Creative Planning now owns 6,706 shares of the software maker’s stock worth $3,565,000 after buying an additional 650 shares during the last quarter. Blue Trust Inc. increased its position in shares of HubSpot by 57.9% during the third quarter. Blue Trust Inc. now owns 720 shares of the software maker’s stock valued at $425,000 after acquiring an additional 264 shares in the last quarter. Fortis Group Advisors LLC increased its position in shares of HubSpot by 4.2% during the third quarter. Fortis Group Advisors LLC now owns 1,203 shares of the software maker’s stock valued at $640,000 after acquiring an additional 49 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in HubSpot by 16.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 690 shares of the software maker’s stock worth $367,000 after acquiring an additional 100 shares during the last quarter. Finally, Eastern Bank bought a new position in HubSpot in the 3rd quarter valued at approximately $80,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HUBS opened at $802.76 on Wednesday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The stock has a market cap of $41.44 billion, a price-to-earnings ratio of -2,973.09, a P/E/G ratio of 43.94 and a beta of 1.72. The stock’s 50 day moving average price is $737.03 and its 200-day moving average price is $625.43.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. As a group, analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $374,819,745.70. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,612 shares of company stock valued at $28,993,612 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several recent analyst reports. Citigroup boosted their price target on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. StockNews.com raised HubSpot from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus raised their price target on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets lifted their price target on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, William Blair restated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $863.96.

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.