MIG Capital LLC Buys New Holdings in HubSpot, Inc. (NYSE:HUBS)

MIG Capital LLC purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 477 shares of the software maker’s stock, valued at approximately $332,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the 3rd quarter valued at about $25,000. Larson Financial Group LLC lifted its stake in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the 4th quarter valued at approximately $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of HubSpot in the 4th quarter worth approximately $36,000. Institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,382 shares of company stock worth $13,415,657. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Performance

Shares of HubSpot stock opened at $500.79 on Friday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The stock has a market capitalization of $26.12 billion, a price-to-earnings ratio of 5,564.93, a PEG ratio of 41.44 and a beta of 1.82. The firm has a fifty day moving average of $688.31 and a two-hundred day moving average of $661.13.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate 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, research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Mizuho upped their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. upped their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. The Goldman Sachs Group lifted their price target on shares of HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets raised their price objective on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Needham & Company LLC lifted their target price on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Five 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 company. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

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.