GDS Wealth Management Grows Holdings in HubSpot, Inc. (NYSE:HUBS)

GDS Wealth Management increased its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 44.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,844 shares of the software maker's stock after purchasing an additional 1,801 shares during the period. GDS Wealth Management's holdings in HubSpot were worth $4,072,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HUBS. Jennison Associates LLC raised its holdings in HubSpot by 28.4% during the 4th quarter. Jennison Associates LLC now owns 111,345 shares of the software maker's stock valued at $77,582,000 after buying an additional 24,638 shares during the last quarter. Resonant Capital Advisors LLC bought a new position in shares of HubSpot in the 4th quarter worth about $245,000. Golden State Equity Partners increased its stake in shares of HubSpot by 7,585.7% in the 4th quarter. Golden State Equity Partners now owns 538 shares of the software maker's stock worth $375,000 after acquiring an additional 531 shares in the last quarter. Spire Wealth Management increased its stake in shares of HubSpot by 134.4% in the 4th quarter. Spire Wealth Management now owns 2,593 shares of the software maker's stock worth $1,807,000 after acquiring an additional 1,487 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in HubSpot by 6.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,651 shares of the software maker's stock valued at $1,150,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

HUBS stock opened at $765.39 on Tuesday. The business has a 50-day moving average price of $724.40 and a 200 day moving average price of $602.09. The company has a market capitalization of $39.51 billion, a P/E ratio of -2,834.66, a PEG ratio of 44.02 and a beta of 1.72. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $811.79.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on HUBS shares. Scotiabank increased their price objective on shares of HubSpot from $700.00 to $825.00 and gave the company a "sector outperform" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group raised their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Piper Sandler cut shares of HubSpot from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $570.00 to $640.00 in a research report on Thursday, November 7th. Finally, Evercore ISI raised their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $731.83.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. 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, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,066 shares of company stock worth $54,900,427. Insiders own 4.50% of the company's stock.

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.

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