Park Avenue Securities LLC Has $1.26 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Park Avenue Securities LLC grew its stake in HubSpot, Inc. (NYSE:HUBS) by 27.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,811 shares of the software maker’s stock after buying an additional 388 shares during the period. Park Avenue Securities LLC’s holdings in HubSpot were worth $1,262,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HUBS. Wellington Management Group LLP grew its position in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares during the last quarter. Fred Alger Management LLC raised its position in HubSpot by 516.2% in the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after purchasing an additional 136,793 shares in the last quarter. International Assets Investment Management LLC lifted its stake in HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after purchasing an additional 126,462 shares during the period. Marshall Wace LLP boosted its holdings in HubSpot by 88.7% during the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after purchasing an additional 113,555 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after purchasing an additional 86,688 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS stock opened at $704.08 on Monday. The company has a market capitalization of $36.34 billion, a price-to-earnings ratio of -2,607.59, a PEG ratio of 41.24 and a beta of 1.70. The company has a 50-day simple moving average of $713.49 and a two-hundred day simple moving average of $586.01. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $762.47.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

HUBS has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. BMO Capital Markets boosted their target price on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Mizuho raised their price objective 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. Truist Financial restated a “buy” rating and issued a $750.00 price target (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Finally, Evercore ISI increased their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $721.26.

Insider Buying and Selling

In other news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. This represents a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock valued at $54,900,427 over the last 90 days. Company 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.