HubSpot, Inc. (NYSE:HUBS) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,805 shares of the software maker's stock after purchasing an additional 1,576 shares during the quarter. LPL Financial LLC owned about 0.06% of HubSpot worth $22,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot in the third quarter valued at $25,000. Larson Financial Group LLC increased its position in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares during the period. Bank of Jackson Hole Trust acquired a new position in HubSpot in the fourth quarter valued at about $35,000. Finally, Friedenthal Financial purchased a new position in HubSpot during the fourth quarter worth about $50,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,382 shares of company stock worth $13,415,657. 4.50% of the stock is owned by company insiders.

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Analysts Set New Price Targets

Several brokerages have recently commented on HUBS. Wells Fargo & Company upped their price objective on shares of HubSpot from $835.00 to $940.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. BMO Capital Markets upped their price target on HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Sanford C. Bernstein assumed coverage on HubSpot in a research note on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price objective for the company. UBS Group raised HubSpot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th. Finally, William Blair reiterated an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $848.58.

HubSpot Trading Down 5.1 %

Shares of HubSpot stock traded down $27.00 on Friday, hitting $500.79. The stock had a trading volume of 1,393,357 shares, compared to its average volume of 605,948. The company's 50 day moving average price is $688.31 and its 200 day moving average price is $659.95. The stock has a market cap of $26.12 billion, a price-to-earnings ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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%. Analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.