Tower Research Capital LLC TRC Acquires 671 Shares of HubSpot, Inc. (NYSE:HUBS)

Tower Research Capital LLC TRC raised its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 215.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 983 shares of the software maker's stock after buying an additional 671 shares during the quarter. Tower Research Capital LLC TRC's holdings in HubSpot were worth $685,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the third quarter valued at approximately $25,000. Larson Financial Group LLC increased 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 worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after acquiring an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in shares of HubSpot during the fourth quarter worth about $35,000. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on HUBS. Royal Bank of Canada boosted their target price on shares of HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. KeyCorp raised shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a report on Thursday, February 13th. Wells Fargo & Company reduced their price target on shares of HubSpot from $940.00 to $700.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Scotiabank lowered their price objective on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group increased their price target on HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Five research 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $782.63.

HubSpot Stock Performance

Shares of HUBS stock traded down $0.54 during trading hours on Wednesday, hitting $612.15. The company had a trading volume of 570,625 shares, compared to its average volume of 621,425. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm's fifty day moving average is $598.28 and its 200 day moving average is $662.25. The firm has a market capitalization of $31.93 billion, a price-to-earnings ratio of 6,802.42, a PEG ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. On average, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares of the company's stock, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares of the company's stock, valued at approximately $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 have sold a total of 28,562 shares of company stock worth $18,401,757 in the last three months. Insiders own 4.50% of the company's stock.

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.