Regal Investment Advisors LLC Increases Holdings in HubSpot, Inc. (NYSE:HUBS)

Regal Investment Advisors LLC boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,434 shares of the software maker’s stock after purchasing an additional 149 shares during the period. Regal Investment Advisors LLC’s holdings in HubSpot were worth $999,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Larson Financial Group LLC raised its holdings in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the third quarter valued at about $25,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after purchasing an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the fourth quarter worth about $35,000. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Up 3.7 %

NYSE:HUBS opened at $546.91 on Wednesday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of 6,077.41, a PEG ratio of 41.44 and a beta of 1.82. The company’s 50 day moving average price is $642.64 and its 200-day moving average price is $659.76.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,382 shares of company stock worth $13,415,657. 4.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Piper Sandler upped their price target on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Citigroup raised their price target on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Macquarie started coverage on shares of HubSpot in a research report on Monday, March 24th. They set an “outperform” rating and a $730.00 price objective on the stock. Stephens assumed coverage on shares of HubSpot in a research report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $834.15.

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.