CBIZ Investment Advisory Services LLC Sells 25 Shares of HubSpot, Inc. (NYSE:HUBS)

CBIZ Investment Advisory Services LLC cut its holdings in HubSpot, Inc. (NYSE:HUBS) by 30.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 57 shares of the software maker’s stock after selling 25 shares during the period. CBIZ Investment Advisory Services LLC’s holdings in HubSpot were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot in the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in HubSpot in the 4th quarter worth approximately $35,000. Finally, Friedenthal Financial purchased a new stake in HubSpot in the 4th quarter worth approximately $50,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group upgraded shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Mizuho increased their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Scotiabank increased their target price on shares of HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research note on Thursday, February 13th. Finally, Truist Financial reiterated a “buy” rating and issued a $900.00 target price (up from $750.00) on shares of HubSpot 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Stock Performance

HUBS stock opened at $609.73 on Friday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The firm’s fifty day moving average is $725.59 and its 200 day moving average is $651.43. The firm has a market cap of $31.80 billion, a P/E ratio of 6,775.49, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the sale, the insider now directly owns 513,698 shares in the company, valued at $374,819,745.70. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,997 shares of company stock valued at $35,796,526 in the last quarter. Insiders own 4.50% of the company’s stock.

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.