Polar Capital Holdings Plc Purchases 37,824 Shares of HubSpot, Inc. (NYSE:HUBS)

Polar Capital Holdings Plc raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 34.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 146,155 shares of the software maker's stock after acquiring an additional 37,824 shares during the period. Polar Capital Holdings Plc owned approximately 0.28% of HubSpot worth $101,836,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC lifted its position in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after buying an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after buying an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position in HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after buying an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in HubSpot during the 4th quarter worth about $35,000. Institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HUBS shares. Sanford C. Bernstein started coverage on shares of HubSpot in a report on Thursday, March 20th. They issued a "market perform" rating and a $693.00 target price on the stock. StockNews.com cut shares of HubSpot from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada upped their target price on shares of HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Oppenheimer increased their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Canaccord Genuity Group increased their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus price target of $767.33.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company's stock, valued at approximately $425,048,310. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at $43,015,800. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock worth $18,401,757 over the last quarter. Corporate insiders own 4.50% of the company's stock.

HubSpot Trading Down 0.5%

HubSpot stock traded down $3.62 during mid-day trading on Friday, reaching $660.43. The company had a trading volume of 687,933 shares, compared to its average volume of 622,736. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company has a market cap of $34.76 billion, a P/E ratio of 7,338.97, a P/E/G ratio of 41.44 and a beta of 1.78. The business has a fifty day simple moving average of $588.18 and a 200 day simple moving average of $671.13.

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

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.