Eagle Wealth Strategies LLC Invests $212,000 in HubSpot, Inc. (NYSE:HUBS)

Eagle Wealth Strategies LLC bought a new position in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 365 shares of the software maker’s stock, valued at approximately $212,000.

Several other institutional investors have also made changes to their positions in HUBS. Tokio Marine Asset Management Co. Ltd. grew its position in HubSpot by 11.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,282 shares of the software maker’s stock valued at $631,000 after purchasing an additional 127 shares in the last quarter. Strs Ohio grew its position in HubSpot by 1,203.0% during the fourth quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock valued at $11,611,000 after purchasing an additional 18,466 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in HubSpot during the fourth quarter valued at approximately $2,312,000. Pathstone Family Office LLC purchased a new position in HubSpot during the third quarter valued at approximately $677,000. Finally, JPMorgan Chase & Co. grew its position in HubSpot by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after purchasing an additional 166,381 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Up 0.2 %

NYSE:HUBS opened at $632.20 on Monday. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The company’s 50-day moving average price is $627.73 and its two-hundred day moving average price is $560.03.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. The firm had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. Equities analysts predict that HubSpot, Inc. will post -0.98 EPS for the current year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now directly owns 88,861 shares of the company’s stock, valued at $56,356,534.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The disclosure for this sale can be found here. Insiders sold 22,362 shares of company stock worth $14,012,491 over the last quarter. 4.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on HUBS. UBS Group reaffirmed a “neutral” rating and set a $525.00 price objective on shares of HubSpot in a research report on Thursday, February 15th. TheStreet upgraded shares of HubSpot from a “d+” rating to a “c-” rating in a research note on Thursday, January 4th. Canaccord Genuity Group lifted their target price on shares of HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company lifted their target price on shares of HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, Truist Financial lifted their target price on shares of HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $642.36.

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.