Mutual Advisors LLC Makes New $206,000 Investment in HubSpot, Inc. (NYSE:HUBS)

Mutual Advisors LLC purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 287 shares of the software maker’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management acquired a new stake in HubSpot during the fourth quarter worth about $434,000. Ballentine Partners LLC boosted its position in shares of HubSpot by 4.6% in the fourth quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock worth $393,000 after buying an additional 25 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the period. Oak Ridge Investments LLC purchased a new stake in shares of HubSpot in the fourth quarter worth about $409,000. Finally, Smith Salley Wealth Management purchased a new stake in shares of HubSpot in the fourth quarter worth about $348,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the sale, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. The trade was a 1.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. The trade was a 7.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,066 shares of company stock valued at $54,900,427. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HUBS shares. Barclays upped their target price on HubSpot from $650.00 to $725.00 and gave the stock an “equal weight” rating in a research report on Monday. Scotiabank upped their target price on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Mizuho upped their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Bank of America increased their price target on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $724.52.

HubSpot Trading Down 1.9 %

Shares of NYSE HUBS opened at $779.59 on Thursday. The company has a market cap of $40.25 billion, a price-to-earnings ratio of -2,887.28, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $811.79. The stock’s 50 day simple moving average is $720.89 and its 200 day simple moving average is $595.82.

HubSpot (NYSE:HUBS) last announced 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. The business had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. As a group, equities analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

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.