HubSpot, Inc. (NYSE:HUBS) Stock Holdings Lessened by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC lessened its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 62.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 730 shares of the software maker's stock after selling 1,231 shares during the period. Alta Wealth Advisors LLC's holdings in HubSpot were worth $509,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 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 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 ninety days. Company insiders own 4.50% of the company's stock.

HubSpot Trading Down 1.8 %

Shares of HUBS stock traded down $14.14 on Monday, reaching $765.39. The company's stock had a trading volume of 445,893 shares, compared to its average volume of 442,642. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $811.79. The stock's fifty day simple moving average is $724.40 and its 200-day simple moving average is $602.09. The company has a market capitalization of $39.51 billion, a price-to-earnings ratio of -2,834.66, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same quarter last year, the business earned ($0.04) earnings per share. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. Equities research analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several analyst reports. Canaccord Genuity Group upped their target price on HubSpot from $600.00 to $710.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Scotiabank raised their price objective on shares of HubSpot from $700.00 to $825.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, January 8th. Barclays raised their price target on shares of HubSpot from $650.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Monday, January 27th. Stifel Nicolaus raised their price target on HubSpot from $750.00 to $880.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group upped their target price on HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $731.83.

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.