Everhart Financial Group Inc. Takes $217,000 Position in HubSpot, Inc. (NYSE:HUBS)

Everhart Financial Group Inc. purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 312 shares of the software maker's stock, valued at approximately $217,000.

Other large investors also recently bought and sold shares of the company. GDS Wealth Management purchased a new position in HubSpot during the third quarter worth $2,149,000. Pallas Capital Advisors LLC purchased a new position in HubSpot during the third quarter worth $624,000. Icon Wealth Advisors LLC boosted its stake in HubSpot by 3,346.2% during the third 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 boosted its stake in HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock worth $3,797,000 after buying an additional 937 shares during the period. Finally, Advantage Alpha Capital Partners LP boosted its stake in HubSpot by 113.4% during the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker's stock worth $9,923,000 after buying an additional 9,919 shares during the period. Institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on HUBS. Mizuho lifted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Truist Financial reaffirmed a "buy" rating and set a $900.00 price objective (up from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. UBS Group raised shares of HubSpot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. TD Cowen lowered shares of HubSpot from a "buy" rating to a "hold" rating and boosted their target price for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Finally, Redburn Atlantic initiated coverage on shares of HubSpot in a research note on Wednesday. They set a "buy" rating for the company. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $863.96.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the sale, the insider now owns 513,698 shares in the company, valued at $374,819,745.70. This represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,112 shares of company stock worth $35,878,612 over the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Stock Down 2.9 %

Shares of HUBS traded down $21.57 during mid-day trading on Friday, hitting $726.43. 821,210 shares of the company traded hands, compared to its average volume of 505,714. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The company has a market capitalization of $37.88 billion, a PE ratio of 8,072.32, a price-to-earnings-growth ratio of 42.71 and a beta of 1.72. The business has a 50 day moving average of $739.84 and a 200 day moving average of $629.64.

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

HubSpot Company 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.