WCM Investment Management LLC Invests $881,000 in HubSpot, Inc. (NYSE:HUBS)

WCM Investment Management LLC acquired a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,495 shares of the software maker's stock, valued at approximately $881,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of HubSpot by 49.2% in the 1st quarter. Acadian Asset Management LLC now owns 704 shares of the software maker's stock valued at $333,000 after purchasing an additional 232 shares during the last quarter. MetLife Investment Management LLC acquired a new position in HubSpot during the first quarter worth $1,385,000. Raymond James Trust N.A. raised its holdings in HubSpot by 12.3% during the first quarter. Raymond James Trust N.A. now owns 776 shares of the software maker's stock worth $368,000 after buying an additional 85 shares during the last quarter. Cibc World Market Inc. acquired a new position in HubSpot during the first quarter worth $206,000. Finally, Dimensional Fund Advisors LP raised its holdings in HubSpot by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 64,334 shares of the software maker's stock worth $30,562,000 after buying an additional 253 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 8,817 shares of the business's stock in a transaction dated 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 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. In other HubSpot news, insider Dawson Alyssa Harvey sold 969 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the transaction, the insider now directly owns 7,225 shares in the company, valued at approximately $4,407,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 8,817 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was 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 $55,165,740. The disclosure for this sale can be found here. Insiders sold a total of 22,362 shares of company stock worth $13,329,601 in the last three months. 4.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock a "buy" rating in a report on Friday, April 5th. BMO Capital Markets increased their price target on shares of HubSpot from $540.00 to $710.00 and gave the company an "outperform" rating in a research report on Monday, February 12th. Stifel Nicolaus increased their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Royal Bank of Canada increased their target price on shares of HubSpot from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Finally, Wolfe Research increased their target price on shares of HubSpot from $660.00 to $715.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $642.36.

HubSpot Stock Performance

NYSE:HUBS traded down $25.64 during mid-day trading on Monday, reaching $637.71. The company's stock had a trading volume of 345,700 shares, compared to its average volume of 479,924. HubSpot, Inc. has a 12-month low of $399.48 and a 12-month high of $693.85. The firm's fifty day moving average price is $623.25 and its two-hundred day moving average price is $548.69. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The stock has a market cap of $32.31 billion, a P/E ratio of -179.64 and a beta of 1.59.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The business had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. On average, equities analysts forecast that HubSpot, Inc. will post -0.98 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.