1,015 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Encompass More Asset Management

Key Points

• Encompass More Asset Management has invested $580,000 in HubSpot, purchasing 1,015 shares during Q1, reflecting increasing interest from institutional investors.
• Multiple analysts have recently revised their price targets for HubSpot, with Needham & Company setting a buy rating with a target of $900, while UBS raised theirs to $820.
• HubSpot's stock shows a market cap of $26.54 billion and has experienced fluctuations with a 52-week range between $434.84 and $881.13.

Encompass More Asset Management purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,015 shares of the software maker's stock, valued at approximately $580,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its position in HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after purchasing an additional 251,853 shares during the period. GAMMA Investing LLC lifted its position in HubSpot by 80,552.5% in the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock valued at $1,018,280,000 after purchasing an additional 178,021 shares during the period. Two Sigma Investments LP lifted its position in HubSpot by 156.1% in the fourth quarter. Two Sigma Investments LP now owns 143,217 shares of the software maker's stock valued at $99,789,000 after purchasing an additional 87,298 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in HubSpot in the fourth quarter valued at about $43,778,000. Finally, Baird Financial Group Inc. lifted its position in HubSpot by 15,320.5% in the fourth quarter. Baird Financial Group Inc. now owns 60,911 shares of the software maker's stock valued at $42,441,000 after purchasing an additional 60,516 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the transaction, the director directly owned 522,435 shares of the company's stock, valued at $283,718,775.45. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer directly owned 41,086 shares of the company's stock, valued at $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,998 shares of company stock valued at $10,928,616. Company insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HUBS shares. Citigroup lifted their price target on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Canaccord Genuity Group cut their price objective on HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a research report on Thursday. Stifel Nicolaus cut their price objective on HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Raymond James Financial cut their price objective on HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Oppenheimer lifted their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $729.93.

HubSpot Stock Down 6.2%

HubSpot stock traded down $30.44 during mid-day trading on Thursday, reaching $462.18. The company had a trading volume of 2,779,649 shares, compared to its average volume of 803,437. HubSpot, Inc. has a 52 week low of $444.25 and a 52 week high of $881.13. The company has a 50 day moving average of $552.97 and a 200-day moving average of $616.91. The firm has a market cap of $24.38 billion, a price-to-earnings ratio of -2,009.50, a PEG ratio of 17.92 and a beta of 1.66.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.78%. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $1.94 EPS. On average, analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.