Proficio Capital Partners LLC Acquires New Position in HubSpot, Inc. (NYSE:HUBS)

Proficio Capital Partners LLC acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 113,574 shares of the software maker’s stock, valued at approximately $79,135,000. HubSpot comprises about 1.0% of Proficio Capital Partners LLC’s investment portfolio, making the stock its 9th biggest position.

Several other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the 3rd quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the period. Bank of Jackson Hole Trust bought a new position in HubSpot during the 4th quarter valued at about $35,000. Friedenthal Financial bought a new position in HubSpot during the 4th quarter valued at about $50,000. Finally, Crewe Advisors LLC lifted its stake in HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after acquiring an additional 28 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total transaction of $394,680.00. Following the completion of the transaction, the director now directly owns 1,697 shares of the company’s stock, valued at approximately $1,170,930. This trade represents a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock valued at $35,796,526 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Trading Down 2.0 %

NYSE HUBS opened at $598.64 on Friday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 6,652.27, a PEG ratio of 41.44 and a beta of 1.80. The company’s 50 day moving average is $727.46 and its two-hundred day moving average is $649.63.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data 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 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 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HUBS shares. Bank of America upped their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and upped their target price for the company from $680.00 to $725.00 in a research note on Friday, January 17th. JPMorgan Chase & Co. increased their price objective on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Stifel Nicolaus increased their price objective on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Company 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.