Moody National Bank Trust Division Has $1.69 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Moody National Bank Trust Division increased its stake in HubSpot, Inc. (NYSE:HUBS – Get Rating) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,835 shares of the software maker’s stock after acquiring an additional 1,393 shares during the quarter. Moody National Bank Trust Division’s holdings in HubSpot were worth $1,687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trustcore Financial Services LLC lifted its stake in shares of HubSpot by 66.1% in the third 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. UMB Bank n.a. acquired a new position in HubSpot in the fourth quarter valued at approximately $33,000. Heritage Wealth Management LLC acquired a new position in HubSpot in the second quarter valued at approximately $46,000. Wipfli Financial Advisors LLC acquired a new position in HubSpot in the third quarter valued at approximately $49,000. Finally, Adalta Capital Management LLC acquired a new position in HubSpot in the second quarter valued at approximately $51,000. 90.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 30,000 shares of the company’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $285.88, for a total value of $8,576,400.00. Following the completion of the transaction, the chief technology officer now owns 1,479,416 shares in the company, valued at approximately $422,935,446.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $309.80, for a total transaction of $2,633,300.00. Following the transaction, the insider now owns 634,350 shares of the company’s stock, valued at approximately $196,521,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Dharmesh Shah sold 30,000 shares of the company’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $285.88, for a total value of $8,576,400.00. Following the transaction, the chief technology officer now directly owns 1,479,416 shares in the company, valued at approximately $422,935,446.08. The disclosure for this sale can be found here. Insiders sold 58,809 shares of company stock worth $17,779,233 in the last quarter. 5.60% of the stock is currently owned by company insiders.

HubSpot Stock Down 0.4 %

HubSpot stock traded down $1.64 during trading on Friday, hitting $397.48. 405,297 shares of the company were exchanged, compared to its average volume of 766,293. The business’s 50 day moving average is $363.61 and its 200 day moving average is $313.94. HubSpot, Inc. has a 52 week low of $245.03 and a 52 week high of $527.06. The company has a market capitalization of $19.63 billion, a P/E ratio of -169.14 and a beta of 1.61. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.46.

HubSpot (NYSE:HUBS – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.22. The firm had revenue of $469.66 million during the quarter, compared to the consensus estimate of $444.95 million. HubSpot had a negative return on equity of 11.16% and a negative net margin of 6.51%. Analysts predict that HubSpot, Inc. will post -1.58 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on HUBS. Needham & Company LLC boosted their price target on HubSpot from $380.00 to $470.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Piper Sandler reissued an “overweight” rating and issued a $450.00 price target on shares of HubSpot in a research note on Monday, March 6th. Mizuho boosted their price target on HubSpot from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Raymond James boosted their price target on HubSpot from $360.00 to $500.00 and gave the company a “strong-buy” rating in a research note on Friday, February 17th. Finally, Canaccord Genuity Group boosted their price objective on HubSpot from $385.00 to $430.00 and gave the company a “buy” rating in a report on Friday, February 17th. Three equities 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 company. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average price target of $422.65.

HubSpot Profile

(Get Rating)

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.