307 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC acquired a new stake in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 307 shares of the software maker’s stock, valued at approximately $214,000.

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the 3rd quarter worth approximately $25,000. HM Payson & Co. increased its holdings in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the period. Friedenthal Financial bought a new stake in shares of HubSpot during the 4th quarter worth about $50,000. Crewe Advisors LLC raised its holdings in HubSpot by 37.3% during the third 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. Finally, True Wealth Design LLC bought a new stake in shares of HubSpot in the 3rd quarter worth $62,000. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction 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 represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock worth $54,900,427 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Morgan Stanley boosted their target price on shares of HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company increased their price objective on HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Scotiabank increased their target price on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Truist Financial reiterated a “buy” rating and issued a $750.00 price objective (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $719.30.

HubSpot Trading Up 1.3 %

Shares of NYSE HUBS opened at $718.34 on Friday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $762.47. The firm has a market capitalization of $37.08 billion, a price-to-earnings ratio of -2,660.43, a PEG ratio of 41.24 and a beta of 1.70. The business has a fifty day simple moving average of $711.05 and a 200 day simple moving average of $584.33.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS. On average, research analysts anticipate that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

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.