Raymond James Trust N.A. Sells 55 Shares of HubSpot, Inc. (NYSE:HUBS)

Posted by on Apr 27th, 2023

Raymond James Trust N.A. decreased its position in shares of HubSpot, Inc. (NYSE:HUBS – Get Rating) by 7.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 704 shares of the software maker’s stock after selling 55 shares during the quarter. Raymond James Trust N.A.’s holdings in HubSpot were worth $204,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trustcore Financial Services LLC grew its stake in shares of HubSpot by 66.1% during the 3rd quarter. Trustcore Financial Services LLC now owns 98 shares of the software maker’s stock worth $26,000 after acquiring an additional 39 shares during the period. Lindbrook Capital LLC grew its stake in shares of HubSpot by 253.6% during the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the software maker’s stock worth $29,000 after acquiring an additional 71 shares during the period. Armstrong Advisory Group Inc. bought a new position in shares of HubSpot during the 4th quarter worth $29,000. UMB Bank n.a. bought a new position in shares of HubSpot during the 4th quarter worth $33,000. Finally, Wipfli Financial Advisors LLC bought a new position in shares of HubSpot during the 3rd quarter worth $49,000. Institutional investors own 90.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HUBS. Canaccord Genuity Group increased their price objective on HubSpot from $385.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Morgan Stanley increased their price objective on HubSpot from $447.00 to $466.00 and gave the stock an “overweight” rating in a report on Tuesday, March 21st. KeyCorp increased their price objective on HubSpot from $450.00 to $485.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. Credit Suisse Group increased their price objective on HubSpot from $400.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, February 17th. Finally, Oppenheimer increased their price objective on HubSpot from $375.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $426.74.

HubSpot Price Performance

Shares of HUBS stock opened at $415.63 on Thursday. The firm has a market cap of $20.53 billion, a P/E ratio of -171.00 and a beta of 1.62. HubSpot, Inc. has a fifty-two week low of $245.03 and a fifty-two week high of $431.60. The business’s 50 day moving average price is $401.01 and its 200-day moving average price is $335.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.30 and a current ratio of 2.30.

HubSpot (NYSE:HUBS – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The software maker reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.22. The firm had revenue of $469.66 million for the quarter, compared to analyst estimates of $444.95 million. HubSpot had a negative return on equity of 11.16% and a negative net margin of 6.51%. On average, equities research analysts anticipate that HubSpot, Inc. will post -1.72 earnings per share for the current year.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 710 shares of HubSpot stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $424.80, for a total value of $301,608.00. Following the sale, the chief financial officer now directly owns 41,124 shares in the company, valued at approximately $17,469,475.20. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $422.65, for a total value of $3,592,525.00. Following the completion of the transaction, the insider now owns 613,350 shares in the company, valued at approximately $259,232,377.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 710 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $424.80, for a total value of $301,608.00. Following the completion of the transaction, the chief financial officer now owns 41,124 shares of the company’s stock, valued at approximately $17,469,475.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,710 shares of company stock worth $7,233,358. 5.60% of the stock is currently owned by insiders.

HubSpot Profile

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HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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