International Assets Investment Management LLC Takes Position in HubSpot, Inc. (NYSE:HUBS)

International Assets Investment Management LLC bought a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 78,953 shares of the software maker's stock, valued at approximately $45,835,000. International Assets Investment Management LLC owned 0.16% of HubSpot as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Venturi Wealth Management LLC lifted its stake in HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker's stock valued at $35,000 after buying an additional 47 shares in the last quarter. Quarry LP increased its holdings in HubSpot by 333.3% during the 1st quarter. Quarry LP now owns 91 shares of the software maker's stock worth $39,000 after purchasing an additional 70 shares in the last quarter. Alta Advisers Ltd acquired a new stake in shares of HubSpot in the 3rd quarter valued at about $49,000. KB Financial Partners LLC acquired a new stake in shares of HubSpot in the 1st quarter valued at about $49,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of HubSpot in the second quarter valued at about $55,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HUBS. The Goldman Sachs Group lifted their price objective on shares of HubSpot from $577.00 to $656.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Scotiabank lifted their target price on HubSpot from $650.00 to $700.00 and gave the company a "sector outperform" rating in a research report on Friday. Piper Sandler reiterated an "overweight" rating and set a $675.00 target price on shares of HubSpot in a report on Friday. Stifel Nicolaus raised their price target on HubSpot from $700.00 to $750.00 and gave the company a "buy" rating in a research note on Monday. Finally, UBS Group restated a "neutral" rating and set a $525.00 target price on shares of HubSpot in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $642.36.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 8,817 shares of the business's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the completion of the transaction, the chief executive officer now owns 88,977 shares of the company's stock, valued at approximately $55,165,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Yamini Rangan sold 8,817 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $620.00, for a total value of $5,466,540.00. Following the sale, the chief executive officer now directly owns 88,977 shares in the company, valued at approximately $55,165,740. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $555.84, for a total transaction of $4,724,640.00. Following the transaction, the insider now owns 536,811 shares of the company's stock, valued at $298,381,026.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,362 shares of company stock worth $13,329,601. Corporate insiders own 4.90% of the company's stock.

HubSpot Price Performance

HubSpot stock traded down $11.02 during mid-day trading on Tuesday, reaching $659.13. 538,979 shares of the company were exchanged, compared to its average volume of 483,146. The firm has a market cap of $33.40 billion, a PE ratio of -185.67 and a beta of 1.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. The company has a fifty day simple moving average of $619.23 and a 200-day simple moving average of $543.45. HubSpot, Inc. has a 12 month low of $394.26 and a 12 month high of $693.85.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.30) by $0.22. The business had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. As a group, equities research analysts expect that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal 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.