Proficio Capital Partners LLC Purchases New Shares in HubSpot, Inc. (NYSE:HUBS)

Proficio Capital Partners LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 113,574 shares of the software maker's stock, valued at approximately $79,135,000. Proficio Capital Partners LLC owned approximately 0.22% of HubSpot as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HUBS. GDS Wealth Management bought a new position in HubSpot during the third quarter worth about $2,149,000. Pallas Capital Advisors LLC acquired a new stake in shares of HubSpot in the third quarter valued at approximately $624,000. Icon Wealth Advisors LLC boosted its stake in shares of HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker's stock worth $11,212,000 after acquiring an additional 20,479 shares during the period. Curi RMB Capital LLC increased its holdings in shares of HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock worth $3,797,000 after acquiring an additional 937 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP raised its stake in HubSpot by 113.4% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker's stock valued at $9,923,000 after acquiring an additional 9,919 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity

In other news, CTO Dharmesh Shah sold 25,000 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 115 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares of the company's stock, valued at $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 in the last quarter. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Down 2.4 %

HubSpot stock traded down $17.15 during mid-day trading on Monday, hitting $706.84. 518,316 shares of the stock were exchanged, compared to its average volume of 505,028. The stock has a market capitalization of $36.86 billion, a price-to-earnings ratio of 7,854.65, a PEG ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm's fifty day simple moving average is $739.69 and its two-hundred day simple moving average is $642.57.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HUBS shares. Barclays reaffirmed an "equal weight" rating on shares of HubSpot in a research report on Thursday, February 13th. UBS Group upgraded shares of HubSpot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 19th. Bank of America boosted their price target on HubSpot from $780.00 to $850.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Redburn Atlantic started coverage on HubSpot in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $863.96.

About HubSpot

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.