B. Riley Wealth Advisors Inc. increases stock holdings in HubSpot, Inc. (NYSE:HUBS)

B. Riley Wealth Advisors Inc. increased its position in HubSpot, Inc. (NYSE:HUBS – Free Report ) by 23.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,143 shares of the software maker’s stock after buying an additional 214 shares during the quarter. Holdings of B. Riley Wealth Advisors Inc. in HubSpot were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its holdings in HubSpot by 253.6% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the software maker’s stock valued at $29,000 after acquiring an additional 71 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in HubSpot during the fourth quarter valued at $29,000. UMB Bank na purchased a new stake in shares of HubSpot during the fourth quarter valued at $33,000. CI Investments Inc. raised its holdings in shares of HubSpot by 113.8% during the fourth quarter. CI Investments Inc. now owns 124 shares of the software maker’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. Finally, Sonnipe Ltd purchased a new stake in shares of HubSpot during the fourth quarter valued at $41,000. 89.32% of the shares are owned by hedge funds and other institutional investors.

Internal activity

In other news, CEO Yamini Rangan sold 10,846 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $516.83, for a total transaction of $5,605,538.18. Following the completion of the sale, the chief executive officer now owns 63,801 shares of the company’s stock, valued at approximately $32,974,270.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other HubSpot news, CFO Kathryn Bueker sold 710 shares of the company’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 directly owns 41,124 shares in the company, valued at approximately $17,469,475.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 10,846 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $516.83, for a total value of $5,605,538.18. Following the completion of the transaction, the chief executive officer now owns 63,801 shares of the company’s stock, valued at $32,974,270.83. Disclosure of this sale can be found here. Insiders sold 31,346 shares of company stock valued at $15,244,660 over the last quarter. Currently, 4.90% of the shares are owned by insiders.

HubSpot Price Performance

NYSE HUBS opened at $532.09 on Friday. HubSpot, Inc. it has a 52-week low of $245.03 and a 52-week high of $535.90. The company has a market cap of $26.41 billion, a P/E ratio of -181.60 and a beta of 1.60. The company has a quick ratio of 2.25, a current ratio of 2.25, and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $485.16 and a 200-day moving average price of $404.71.

HubSpot (NYSE:HUBS – Free Report ) last posted its quarterly earnings results on Wednesday, May 3rd. The software maker reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. HubSpot had a negative net margin of 7.71% and a negative return on equity of 10.48%. The company had revenue of $501.62 million during the quarter, compared to analyst estimates of $474.55 million. Equities research analysts predict that HubSpot, Inc. will post -1.83 earnings per share for the current year.

Analyst Updates and Downgrades

Several analysts have recently commented on HUBS shares. Morgan Stanley boosted their target price on shares of HubSpot from $447.00 to $466.00 and gave the company an “overweight” rating in a report on Tuesday, March 21st. TheStreet upgraded shares of HubSpot from a “d+” rating to a “c-” rating in a report on Friday, May 5th. 888 reiterated a “hold” rating on shares of HubSpot in a report on Thursday, May 4th. KeyCorp boosted their target price on shares of HubSpot from $450.00 to $485.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $450.00 target price on shares of HubSpot in a research note on Monday, March 6th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $422.50.

HubSpot Company Profile

(Free Report)

HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe and Asia Pacific. The company’s CRM platform includes marketing, sales, service and content management systems, as well as integrated applications such as search engine optimization, blogging, website content management, messaging, chatbots, social networks , marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing tools and help desk, customer NPS surveys, analytics and reports