Compass Capital Corp MA ADV bought a new position in HubSpot, Inc. (NYSE:HUBS – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 392 shares of the software maker’s stock, valued at approximately $291,000.
Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after acquiring an additional 480,796 shares in the last quarter. Geode Capital Management LLC raised its stake 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 worth $435,184,000 after purchasing an additional 19,974 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 17.9% during 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 buying an additional 86,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of HubSpot by 8.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after buying an additional 40,138 shares in the last quarter. Finally, Holocene Advisors LP increased its holdings in HubSpot by 17.5% in the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after buying an additional 47,736 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.
HubSpot Stock Performance
NYSE:HUBS opened at $726.43 on Friday. The firm’s 50-day moving average is $739.84 and its 200-day moving average is $629.64. The company has a market cap of $37.88 billion, a price-to-earnings ratio of 8,072.32, a PEG ratio of 42.71 and a beta of 1.72. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.
Analysts Set New Price Targets
A number of analysts have issued reports on HUBS shares. JPMorgan Chase & Co. lifted their target price on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Evercore ISI lifted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their target price on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price target on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Redburn Atlantic began coverage on HubSpot in a report on Wednesday. They set a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.
Insider Activity
In other news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,112 shares of company stock worth $35,878,612. 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.
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