K.J. Harrison & Partners Inc Makes New $5.53 Million Investment in HubSpot, Inc. (NYSE:HUBS)

K.J. Harrison & Partners Inc bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,520 shares of the software maker's stock, valued at approximately $5,527,000.

Several other large investors also recently modified their holdings of the stock. Rakuten Securities Inc. acquired a new position in shares of HubSpot in the 4th quarter valued at approximately $29,000. Venturi Wealth Management LLC boosted its holdings in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker's stock valued at $35,000 after acquiring an additional 47 shares in the last quarter. Larson Financial Group LLC raised its holdings in HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker's stock valued at $43,000 after buying an additional 69 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in HubSpot by 29.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker's stock worth $55,000 after buying an additional 21 shares during the period. Finally, Alta Advisers Ltd bought a new position in HubSpot during the 3rd quarter worth approximately $49,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

NYSE HUBS traded down $4.76 on Friday, hitting $631.34. 591,062 shares of the stock traded hands, compared to its average volume of 490,027. The business's fifty day moving average is $627.73 and its two-hundred day moving average is $558.66. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $31.99 billion, a price-to-earnings ratio of -177.84 and a beta of 1.58.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HUBS. The Goldman Sachs Group increased their price target on HubSpot from $577.00 to $656.00 and gave the stock a "buy" rating in a report on Thursday, February 15th. JPMorgan Chase & Co. increased their price objective on shares of HubSpot from $530.00 to $630.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. William Blair reaffirmed an "outperform" rating on shares of HubSpot in a research report on Thursday, February 15th. Stifel Nicolaus raised their price objective on HubSpot from $700.00 to $750.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Finally, KeyCorp initiated coverage on HubSpot in a research report on Thursday, March 21st. They set an "underweight" rating and a $520.00 target price on the stock. One research 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $642.36.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares of the company's stock, valued at approximately $334,656,763.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Yamini Rangan sold 8,817 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 88,977 shares of the company's stock, valued at $55,165,740. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company's stock, valued at $334,656,763.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,362 shares of company stock worth $14,012,491. Corporate insiders own 4.90% of the company's stock.

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.

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