Alkeon Capital Management LLC Grows Stock Position in HubSpot, Inc. (NYSE:HUBS)

Alkeon Capital Management LLC increased its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the software maker's stock after purchasing an additional 20,000 shares during the period. Alkeon Capital Management LLC owned approximately 0.10% of HubSpot worth $34,838,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HUBS. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of HubSpot in the fourth quarter valued at approximately $1,361,000. Oak Harvest Investment Services acquired a new stake in shares of HubSpot in the 4th quarter valued at about $2,065,000. Donoghue Forlines LLC bought a new stake in shares of HubSpot in the fourth quarter valued at about $2,049,000. Mayflower Financial Advisors LLC acquired a new position in shares of HubSpot during the fourth quarter worth about $862,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of HubSpot by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker's stock worth $2,262,000 after buying an additional 49 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley decreased their target price on shares of HubSpot from $898.00 to $659.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Raymond James increased their price objective on HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Sanford C. Bernstein assumed coverage on shares of HubSpot in a research note on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price target for the company. TD Cowen downgraded shares of HubSpot from a "buy" rating to a "hold" rating and raised their target price for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Finally, Mizuho decreased their target price on HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $777.44.

HubSpot Stock Performance

Shares of HUBS traded up $6.90 during midday trading on Monday, hitting $642.71. 499,842 shares of the company traded hands, compared to its average volume of 620,541. The stock has a market cap of $33.83 billion, a price-to-earnings ratio of 7,142.04, a PEG ratio of 41.44 and a beta of 1.78. The firm has a 50 day moving average of $590.73 and a 200-day moving average of $665.54. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

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

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 680 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the sale, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the transaction, the insider now directly owns 525,687 shares of the company's stock, valued at $283,135,018.20. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,562 shares of company stock worth $18,401,757. Insiders own 4.50% of the company's stock.

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.