Integrated Wealth Concepts LLC Raises Position in HubSpot, Inc. (NYSE:HUBS)

Integrated Wealth Concepts LLC raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 21.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,552 shares of the software maker’s stock after purchasing an additional 279 shares during the period. Integrated Wealth Concepts LLC’s holdings in HubSpot were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HUBS. B.O.S.S. Retirement Advisors LLC bought a new position in shares of HubSpot during the 4th quarter worth $1,361,000. Oak Harvest Investment Services bought a new position in HubSpot during the fourth quarter worth about $2,065,000. Donoghue Forlines LLC purchased a new position in shares of HubSpot in the fourth quarter worth about $2,049,000. Mayflower Financial Advisors LLC bought a new stake in shares of HubSpot in the fourth quarter valued at approximately $862,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in HubSpot by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker’s stock worth $2,262,000 after buying an additional 49 shares during the period. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 680 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the transaction, the insider now directly owns 525,687 shares of the company’s stock, valued at $283,135,018.20. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,562 shares of company stock valued at $18,401,757 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays upgraded HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 target price on the stock in a research report on Wednesday, March 12th. Canaccord Genuity Group upped their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Citigroup boosted their price target on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group increased their price objective on HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Raymond James lifted their price objective on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $782.63.

HubSpot Price Performance

HUBS opened at $612.71 on Wednesday. The firm has a market capitalization of $31.95 billion, a price-to-earnings ratio of 6,808.65, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The business has a 50 day simple moving average of $598.28 and a two-hundred day simple moving average of $662.25.

HubSpot (NYSE:HUBS) 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, sell-side analysts expect 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.