HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 13,454.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,491 shares of the software maker's stock after acquiring an additional 1,480 shares during the quarter. Venturi Wealth Management LLC's holdings in HubSpot were worth $1,039,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in HubSpot in the 3rd quarter worth $25,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after buying an additional 19 shares during the period. HM Payson & Co. increased its position in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after acquiring an additional 18 shares during the period. Friedenthal Financial bought a new position in shares of HubSpot during the fourth quarter valued at approximately $50,000. Finally, Crewe Advisors LLC raised its holdings in HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock worth $55,000 after purchasing an additional 28 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on HUBS. JPMorgan Chase & Co. raised their price objective on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Bank of America increased their target price on HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Barclays reaffirmed an "equal weight" rating on shares of HubSpot in a report on Thursday, February 13th. Truist Financial reissued a "buy" rating and set a $900.00 price objective (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Finally, The Goldman Sachs Group raised their target price on shares of HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and an average price target of $863.96.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 115 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company's stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the transaction, the chief technology officer now directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,112 shares of company stock worth $35,878,612. Insiders own 4.50% of the company's stock.

HubSpot Stock Down 2.9 %

Shares of HubSpot stock traded down $21.57 on Friday, reaching $726.43. The company's stock had a trading volume of 821,210 shares, compared to its average volume of 567,920. The stock has a 50-day moving average price of $739.92 and a 200-day moving average price of $631.52. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a market capitalization of $37.88 billion, a P/E ratio of 8,072.32, a PEG ratio of 41.44 and a beta of 1.72.

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

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.