Smartleaf Asset Management LLC Boosts Stake in HubSpot, Inc. (NYSE:HUBS)

Smartleaf Asset Management LLC lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 52.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 270 shares of the software maker’s stock after purchasing an additional 93 shares during the quarter. Smartleaf Asset Management LLC’s holdings in HubSpot were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Horizon Advisors Inc. boosted its stake in HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after buying an additional 15 shares during the period. Amalgamated Bank lifted its holdings in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after acquiring an additional 16 shares during the last quarter. Avitas Wealth Management LLC boosted its position in shares of HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after purchasing an additional 17 shares during the period. Principal Securities Inc. increased its holdings in HubSpot by 17.2% in the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock valued at $81,000 after purchasing an additional 17 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position 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 purchasing an additional 19 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Up 1.5 %

Shares of HubSpot stock opened at $697.13 on Thursday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The firm’s 50 day moving average is $738.38 and its two-hundred day moving average is $645.80. The firm has a market capitalization of $36.36 billion, a P/E ratio of 7,746.74, a P/E/G ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. As a group, research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,997 shares of company stock worth $35,796,526. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HUBS. William Blair restated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. The Goldman Sachs Group lifted their target price on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Needham & Company LLC increased their price target on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company raised their price objective on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $863.96.

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.