HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Simplicity Solutions LLC

Simplicity Solutions LLC boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 724 shares of the software maker’s stock after acquiring an additional 35 shares during the quarter. Simplicity Solutions LLC’s holdings in HubSpot were worth $420,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Baystate Wealth Management LLC acquired a new position in shares of HubSpot in the fourth quarter worth about $168,000. Cerity Partners LLC raised its holdings in HubSpot by 26.8% in the 4th quarter. Cerity Partners LLC now owns 2,598 shares of the software maker’s stock worth $1,508,000 after purchasing an additional 549 shares during the period. Sequoia Financial Advisors LLC boosted its position in HubSpot by 233.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,539 shares of the software maker’s stock worth $894,000 after purchasing an additional 1,077 shares in the last quarter. B.O.S.S. Retirement Advisors LLC boosted its position in HubSpot by 2.4% during the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 3,661 shares of the software maker’s stock worth $2,125,000 after purchasing an additional 87 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in HubSpot by 10.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 93,614 shares of the software maker’s stock valued at $54,347,000 after purchasing an additional 9,087 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 1,086 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the sale, the insider now owns 7,783 shares of the company’s stock, valued at $4,811,839.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the transaction, the insider now directly owns 7,783 shares of the company’s stock, valued at approximately $4,811,839.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,362 shares of company stock worth $14,012,491. Insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HUBS shares. Royal Bank of Canada increased their target price on HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Canaccord Genuity Group increased their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a report on Friday, April 5th. Evercore ISI boosted their target price on shares of HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a research note on Thursday, February 15th. KeyCorp started coverage on shares of HubSpot in a research report on Thursday, March 21st. They set an “underweight” rating and a $520.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on HubSpot from $700.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $642.36.

HubSpot Trading Down 2.8 %

Shares of HUBS stock opened at $631.64 on Friday. HubSpot, Inc. has a twelve month low of $399.48 and a twelve month high of $693.85. The stock has a market cap of $32.01 billion, a price-to-earnings ratio of -177.93 and a beta of 1.58. The company’s 50-day moving average price is $625.12 and its 200-day moving average price is $552.93. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. The company had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. As a group, equities analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current 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.