GAMMA Investing LLC Purchases 32 Shares of HubSpot, Inc. (NYSE:HUBS)

GAMMA Investing LLC raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 16.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221 shares of the software maker’s stock after purchasing an additional 32 shares during the quarter. GAMMA Investing LLC’s holdings in HubSpot were worth $154,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot during the third quarter valued at approximately $25,000. HM Payson & Co. boosted its stake in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. Crewe Advisors LLC increased its holdings in shares of HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after purchasing an additional 28 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of HubSpot in the third quarter worth $62,000. Finally, Truvestments Capital LLC bought a new position in shares of HubSpot during the third quarter valued at $76,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Trading Up 1.1 %

NYSE HUBS opened at $708.98 on Thursday. The stock has a market cap of $36.60 billion, a price-to-earnings ratio of -2,625.75, a PEG ratio of 87.75 and a beta of 1.70. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The company’s 50 day moving average is $697.79 and its two-hundred day moving average is $579.99.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm earned ($0.04) EPS. Sell-side analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

HUBS has been the subject of several research analyst reports. Evercore ISI lifted their price objective on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Bank of America raised their target price on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $714.05.

Insider Activity

In other news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock worth $54,900,427 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

About HubSpot

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.