Nicholas Investment Partners LP Grows Position in HubSpot, Inc. (NYSE:HUBS)

Nicholas Investment Partners LP increased its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 108.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,635 shares of the software maker's stock after buying an additional 851 shares during the quarter. Nicholas Investment Partners LP's holdings in HubSpot were worth $1,139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Larson Financial Group LLC boosted its holdings in shares of HubSpot by 168.8% in 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 during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HubSpot by 73.1% in 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 during the last quarter. Coppell Advisory Solutions LLC raised its stake in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after acquiring an additional 22 shares during the period. Aster Capital Management DIFC Ltd raised its stake in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after acquiring an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust bought a new stake in HubSpot in the 4th quarter valued at about $35,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HUBS. Canaccord Genuity Group boosted their price objective on HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. UBS Group boosted their price objective on HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Oppenheimer boosted their price objective on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. boosted their price objective on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, Raymond James restated an "outperform" rating and issued a $825.00 price objective (down from $980.00) on shares of HubSpot in a research note 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $767.33.

HubSpot Stock Down 0.5%

Shares of HUBS stock traded down $3.62 during trading on Friday, hitting $660.43. The company had a trading volume of 687,933 shares, compared to its average volume of 622,736. The stock's 50-day moving average is $588.18 and its two-hundred day moving average is $671.13. The stock has a market capitalization of $34.76 billion, a price-to-earnings ratio of 7,338.97, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. 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 posted its quarterly earnings data 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%. On average, research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value 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. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was 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 directly owns 71,693 shares of the company's stock, valued at approximately $43,015,800. This represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,562 shares of company stock worth $18,401,757. Insiders own 4.50% of the company's stock.

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.