HubSpot, Inc. (NYSE:HUBS) Position Raised by Intellectus Partners LLC

Intellectus Partners LLC grew its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 52.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,955 shares of the software maker's stock after purchasing an additional 1,355 shares during the quarter. Intellectus Partners LLC's holdings in HubSpot were worth $2,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC purchased a new position in HubSpot in the fourth quarter worth approximately $90,000. K.J. Harrison & Partners Inc purchased a new position in HubSpot in the fourth quarter worth approximately $5,527,000. Sycomore Asset Management lifted its stake in HubSpot by 332.4% in the fourth quarter. Sycomore Asset Management now owns 908 shares of the software maker's stock worth $532,000 after acquiring an additional 698 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in HubSpot by 6.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,365 shares of the software maker's stock worth $792,000 after acquiring an additional 83 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in HubSpot by 104.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 739 shares of the software maker's stock worth $429,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. William Blair reissued an "outperform" rating on shares of HubSpot in a report on Thursday, February 15th. JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $530.00 to $630.00 and gave the stock an "overweight" rating in a report on Thursday, February 15th. Canaccord Genuity Group raised 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. Piper Sandler reissued an "overweight" rating and set a $675.00 price objective on shares of HubSpot in a report on Friday, April 5th. Finally, Royal Bank of Canada raised their price objective on shares of HubSpot from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus price target of $642.36.

Insider Activity

In other news, insider Dawson Alyssa Harvey sold 1,086 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the transaction, the insider now owns 7,783 shares of the company's stock, valued at approximately $4,811,839.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Dawson Alyssa Harvey sold 1,086 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the sale, the insider now owns 7,783 shares of the company's stock, valued at approximately $4,811,839.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 526,041 shares of the company's stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders sold a total of 22,362 shares of company stock valued at $14,012,491 in the last 90 days. 4.90% of the stock is currently owned by insiders.

HubSpot Trading Down 0.8 %

NYSE:HUBS traded down $4.97 on Friday, reaching $631.13. The stock had a trading volume of 591,063 shares, compared to its average volume of 662,371. The company has a market cap of $31.98 billion, a price-to-earnings ratio of -177.78 and a beta of 1.58. 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 firm's fifty day moving average is $627.73 and its two-hundred day moving average is $560.03. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. Equities analysts expect that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

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.