Quantessence Capital LLC Purchases New Position in HubSpot, Inc. (NYSE:HUBS)

Quantessence Capital LLC bought a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 562 shares of the software maker's stock, valued at approximately $392,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot in the third quarter worth approximately $25,000. Larson Financial Group LLC lifted its position in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in 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 buying an additional 19 shares during the last quarter. Aster Capital Management DIFC Ltd lifted 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 period. Finally, Bank of Jackson Hole Trust acquired a new stake in HubSpot during the 4th quarter worth about $35,000. Institutional investors own 90.39% of the company's stock.

HubSpot Trading Down 1.5 %

HubSpot stock traded down $9.36 during mid-day trading on Monday, hitting $606.14. The company had a trading volume of 107,333 shares, compared to its average volume of 620,936. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock's 50 day moving average price is $604.15 and its two-hundred day moving average price is $662.23. The company has a market capitalization of $31.61 billion, a PE ratio of 6,735.58, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

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

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the sale, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. The trade was a 1.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,882 shares of company stock worth $17,993,757 over the last quarter. 4.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HUBS shares. Canaccord Genuity Group boosted their price target on HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Raymond James raised their price objective on shares of HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Piper Sandler dropped their price target on shares of HubSpot from $808.00 to $535.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. BMO Capital Markets increased their price target on HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Macquarie began coverage on shares of HubSpot in a report on Monday, March 24th. They set an "outperform" rating and a $730.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $789.11.

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.