Private Portfolio Partners LLC Takes Position in HubSpot, Inc. (NYSE:HUBS)

Private Portfolio Partners LLC bought a new position in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 311 shares of the software maker’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. Melqart Asset Management UK Ltd lifted its holdings in shares of HubSpot by 15.2% during the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock valued at $18,010,000 after buying an additional 4,468 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in HubSpot by 4.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker’s stock worth $10,323,000 after purchasing an additional 772 shares during the last quarter. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of HubSpot during the 4th quarter valued at about $1,361,000. Geode Capital Management LLC increased its position in shares of HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after purchasing an additional 19,974 shares during the last quarter. Finally, Oak Harvest Investment Services bought a new position in shares of HubSpot in the 4th quarter worth approximately $2,065,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

NYSE HUBS opened at $593.97 on Thursday. The business’s 50 day moving average price is $697.10 and its 200-day moving average price is $660.86. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company has a market cap of $30.98 billion, a P/E ratio of 6,600.40, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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, equities analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on HUBS shares. Sanford C. Bernstein initiated coverage on shares of HubSpot in a report on Thursday, March 20th. They set a “market perform” rating and a $693.00 target price for the company. Truist Financial reaffirmed a “buy” rating and issued a $900.00 target price (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Oppenheimer boosted their price target on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Bank of America raised their price objective on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Stifel Nicolaus boosted their price objective on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at $27,053,310.40. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,853 shares of company stock valued at $15,453,396 over the last 90 days. 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.