Moore Capital Management LP Takes Position in HubSpot, Inc. (NYSE:HUBS)

Moore Capital Management LP purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,158 shares of the software maker's stock, valued at approximately $1,504,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the third quarter valued at approximately $25,000. Wealth Enhancement Advisory Services LLC increased its holdings in HubSpot by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker's stock valued at $2,262,000 after buying an additional 49 shares during the period. Graypoint LLC purchased a new position in HubSpot during the fourth quarter valued at approximately $208,000. Friedenthal Financial purchased a new position in HubSpot during the fourth quarter valued at approximately $50,000. Finally, Pallas Capital Advisors LLC increased its holdings in HubSpot by 1.9% during the fourth quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker's stock valued at $798,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at $41,536,312.16. This represents a 3.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,562 shares of company stock worth $18,401,757. Company insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HUBS. Raymond James reissued an "outperform" rating and set a $825.00 price objective (down from $980.00) on shares of HubSpot in a report on Friday, May 9th. 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 price target on the stock. UBS Group lifted their price target on shares of HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Barclays cut their price target on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $900.00 price target on shares of HubSpot in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $767.33.

HubSpot Stock Performance

NYSE HUBS traded down $3.62 on Friday, reaching $660.43. 687,933 shares of the company's stock traded hands, compared to its average volume of 621,704. The firm has a market cap of $34.76 billion, a price-to-earnings ratio of 7,338.97, a P/E/G ratio of 41.44 and a beta of 1.78. The stock has a 50 day moving average price of $586.78 and a 200-day moving average price of $669.70. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS 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.