Diversified Trust Co Grows Holdings in HubSpot, Inc. (NYSE:HUBS)

Diversified Trust Co grew its stake in HubSpot, Inc. (NYSE:HUBS) by 103.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,300 shares of the software maker’s stock after acquiring an additional 662 shares during the period. Diversified Trust Co’s holdings in HubSpot were worth $906,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. GDS Wealth Management acquired a new stake in HubSpot during the 3rd quarter worth $2,149,000. Pallas Capital Advisors LLC acquired a new stake in HubSpot during the 3rd quarter worth $624,000. Icon Wealth Advisors LLC boosted its stake in HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after purchasing an additional 20,479 shares during the period. Curi RMB Capital LLC boosted its stake in HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after purchasing an additional 937 shares during the period. Finally, Melqart Asset Management UK Ltd raised its position in HubSpot by 15.2% during the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock worth $18,010,000 after buying an additional 4,468 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Canaccord Genuity Group upped their price objective on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Scotiabank upped their price objective on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. UBS Group upgraded shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company upped their price objective on shares of HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $714.05.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % 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 valued at $54,900,427 in the last ninety days. Insiders own 4.50% of the company’s stock.

HubSpot Trading Up 1.1 %

NYSE:HUBS opened at $708.98 on Friday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47. The company has a market capitalization of $36.60 billion, a P/E ratio of -2,625.75, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70. The firm has a 50-day moving average price of $700.87 and a two-hundred day moving average price of $580.89.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same period last year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, equities research analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current year.

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.