Point72 Hong Kong Ltd Acquires 455 Shares of HubSpot, Inc. (NYSE:HUBS)

Point72 Hong Kong Ltd boosted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,886 shares of the software maker's stock after acquiring an additional 455 shares during the period. Point72 Hong Kong Ltd's holdings in HubSpot were worth $4,101,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after acquiring an additional 19 shares during the period. Coppell Advisory Solutions LLC increased its holdings in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after buying an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd increased its holdings in HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after buying an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in HubSpot in the fourth quarter valued at $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 680 shares of the stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. This trade represents a 1.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,562 shares of company stock worth $18,401,757. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Down 0.5%

Shares of HUBS stock traded down $3.62 during trading hours on Friday, reaching $660.43. 687,933 shares of the stock traded hands, compared to its average volume of 622,736. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The business has a fifty day moving average price of $588.18 and a 200 day moving average price of $671.13. The firm has a market capitalization of $34.76 billion, a PE ratio of 7,338.97, a PEG ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank of Canada increased their target price on HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. StockNews.com downgraded shares of HubSpot from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. BMO Capital Markets decreased their price objective on shares of HubSpot from $885.00 to $745.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group upped their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Raymond James reiterated an "outperform" rating and set a $825.00 target price (down previously 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $767.33.

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.