Nebula Research & Development LLC Buys New Shares in HubSpot, Inc. (NYSE:HUBS)

Nebula Research & Development LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,534 shares of the software maker's stock, valued at approximately $3,856,000. HubSpot accounts for about 0.5% of Nebula Research & Development LLC's portfolio, making the stock its 3rd biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares during the period. Coppell Advisory Solutions LLC lifted its position in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after buying an additional 22 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the third quarter valued at $25,000. Finally, Aster Capital Management DIFC Ltd lifted its position in HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

NYSE HUBS traded down $10.76 during trading on Wednesday, reaching $601.93. 238,365 shares of the company's stock traded hands, compared to its average volume of 619,847. The firm has a market cap of $31.39 billion, a price-to-earnings ratio of 6,688.85, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The company's 50 day simple moving average is $598.28 and its two-hundred day simple moving average is $662.25. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS 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 expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,562 shares of company stock valued at $18,401,757 in the last 90 days. Insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on HUBS shares. Sanford C. Bernstein started coverage on HubSpot in a research report on Thursday, March 20th. They set a "market perform" rating and a $693.00 price objective for the company. Canaccord Genuity Group raised their price objective on HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. UBS Group upgraded HubSpot from a "neutral" rating to a "buy" rating and reduced their price target for the company from $775.00 to $675.00 in a report on Tuesday, April 15th. Stephens began coverage on HubSpot in a report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price target for the company. Finally, Mizuho reduced their price target on HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $782.63.

HubSpot 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.