TrinityPoint Wealth LLC Acquires Shares of 296 HubSpot, Inc. (NYSE:HUBS)

TrinityPoint Wealth LLC acquired a new stake in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 296 shares of the software maker’s stock, valued at approximately $206,000.

Several other large investors also recently bought and sold shares of the stock. Strategic Wealth Partners Ltd. acquired a new position in HubSpot in the fourth quarter valued at $202,000. Toronto Dominion Bank boosted its stake in HubSpot by 2.5% in the fourth quarter. Toronto Dominion Bank now owns 6,382 shares of the software maker’s stock valued at $4,447,000 after acquiring an additional 154 shares in the last quarter. Snowden Capital Advisors LLC raised its holdings in shares of HubSpot by 3.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,834 shares of the software maker’s stock valued at $1,278,000 after buying an additional 68 shares during the last quarter. Siemens Fonds Invest GmbH raised its holdings in shares of HubSpot by 514.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 3,148 shares of the software maker’s stock valued at $2,193,000 after buying an additional 2,636 shares during the last quarter. Finally, Sora Investors LLC purchased a new stake in shares of HubSpot in the fourth quarter valued at about $10,932,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of HubSpot from $815.00 to $745.00 and set an “overweight” rating for the company in a report on Friday, May 9th. Sanford C. Bernstein assumed coverage on shares of HubSpot in a report on Thursday, March 20th. They issued a “market perform” rating and a $693.00 target price for the company. Stifel Nicolaus set a $750.00 target price on shares of HubSpot in a report on Friday, April 25th. Royal Bank of Canada upped their target price on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Stephens assumed coverage on shares of HubSpot in a report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 target price for the company. Five investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $767.33.

HubSpot Price Performance

Shares of HUBS opened at $660.43 on Monday. The firm has a 50 day simple moving average of $588.18 and a 200-day simple moving average of $671.94. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock has a market cap of $34.76 billion, a price-to-earnings ratio of 7,338.97, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value 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 approximately $41,536,312.16. The trade was a 3.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at $320,283,502.84. The trade was a 1.59% decrease in their ownership of the stock. 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 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

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.