GraniteShares Advisors LLC Sells 488 Shares of HubSpot, Inc. (NYSE:HUBS)

GraniteShares Advisors LLC trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 922 shares of the software maker's stock after selling 488 shares during the period. GraniteShares Advisors LLC's holdings in HubSpot were worth $642,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. First Horizon Advisors Inc. boosted its stake in shares of HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after buying an additional 15 shares during the last quarter. Amalgamated Bank boosted its stake in shares of HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after buying an additional 16 shares during the last quarter. Avitas Wealth Management LLC boosted its stake in shares of HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock worth $1,420,000 after buying an additional 17 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of HubSpot by 17.2% during the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock worth $81,000 after buying an additional 17 shares during the last quarter. Finally, HM Payson & Co. boosted its stake in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after buying an additional 18 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,112 shares of company stock worth $35,878,612. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Performance

HUBS traded up $11.27 during midday trading on Friday, reaching $724.46. The company had a trading volume of 586,082 shares, compared to its average volume of 504,687. The stock has a market cap of $37.78 billion, a PE ratio of 8,050.45, a P/E/G 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 business has a 50-day moving average price of $739.69 and a two-hundred day moving average price of $640.38.

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

Analyst Ratings Changes

Several brokerages recently issued reports on HUBS. Needham & Company LLC raised their target price on shares of HubSpot from $730.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Citigroup raised their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Piper Sandler raised their target price on shares of HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. The Goldman Sachs Group raised their target price on shares of HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Barclays reiterated an "equal weight" rating on shares of HubSpot in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus price target 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.