Janney Montgomery Scott LLC Cuts Position in HubSpot, Inc. (NYSE:HUBS)

Janney Montgomery Scott LLC reduced its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,566 shares of the software maker's stock after selling 578 shares during the period. Janney Montgomery Scott LLC's holdings in HubSpot were worth $5,969,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the third quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB grew its position in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after purchasing an additional 19 shares during the last quarter. HM Payson & Co. grew its position in 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 purchasing an additional 18 shares during the last quarter. Friedenthal Financial acquired a new position in HubSpot in the fourth quarter valued at $50,000. Finally, Crewe Advisors LLC raised its holdings in shares of HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now owns 38,560 shares in the company, valued at $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,066 shares of company stock worth $54,900,427. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Up 1.0 %

Shares of HUBS traded up $7.53 during mid-day trading on Friday, reaching $779.52. 514,878 shares of the company's stock were exchanged, compared to its average volume of 388,198. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $811.79. The company has a market cap of $40.24 billion, a price-to-earnings ratio of -2,887.02, a PEG ratio of 43.22 and a beta of 1.70. The company has a 50-day simple moving average of $724.40 and a two-hundred day simple moving average of $600.46.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on HUBS. Needham & Company LLC restated a "buy" rating and issued a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on HubSpot from $750.00 to $825.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. UBS Group downgraded HubSpot from a "strong-buy" rating to a "hold" rating in a report on Friday, January 17th. Truist Financial reissued a "buy" rating and issued a $750.00 price objective (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Finally, Canaccord Genuity Group upped their price objective on shares of HubSpot from $600.00 to $710.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $724.52.

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.