TrinityPoint Wealth LLC Takes Position in HubSpot, Inc. (NYSE:HUBS)

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

Other institutional investors also recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of HubSpot during the 4th quarter valued at $1,361,000. Oak Harvest Investment Services acquired a new position in shares of HubSpot during the 4th quarter valued at $2,065,000. Donoghue Forlines LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $2,049,000. Mayflower Financial Advisors LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $862,000. Finally, Legato Capital Management LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $1,951,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Down 0.5%

Shares of NYSE:HUBS opened at $660.43 on Monday. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm has a 50-day simple moving average of $588.18 and a 200 day simple moving average of $671.94. The company has a market cap of $34.76 billion, a PE ratio of 7,338.97, a P/E/G ratio of 41.44 and a beta of 1.78.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were 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 owns 527,233 shares of the company’s stock, valued at $320,283,502.84. This represents a 1.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the business’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer now directly owns 71,693 shares of the company’s stock, valued at approximately $43,015,800. This represents a 0.94% 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 in the last quarter. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HUBS shares. Piper Sandler lifted their target price on shares of HubSpot from $535.00 to $645.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Raymond James restated an “outperform” rating and set a $825.00 target price (down previously from $980.00) on shares of HubSpot in a report on Friday, May 9th. Citigroup lifted their target price on shares of HubSpot from $750.00 to $759.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Needham & Company LLC restated a “buy” rating and set a $900.00 target price on shares of HubSpot in a report on Friday, May 9th. Finally, William Blair restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $767.33.

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.