Bailard Inc. Grows Stake in HubSpot, Inc. (NYSE:HUBS)

Bailard Inc. boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,124 shares of the software maker’s stock after purchasing an additional 1,067 shares during the quarter. Bailard Inc.’s holdings in HubSpot were worth $8,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after acquiring an additional 15 shares during the period. Amalgamated Bank increased its holdings in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after acquiring an additional 16 shares during the period. Avitas Wealth Management LLC increased its holdings in shares of HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 17 shares during the period. Principal Securities Inc. increased its holdings in shares of HubSpot by 17.2% in the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock valued at $81,000 after acquiring an additional 17 shares during the period. Finally, HM Payson & Co. increased its holdings in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the sale, the insider now directly owns 513,698 shares in the company, valued at approximately $374,819,745.70. The trade was a 1.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred 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 a total of 48,112 shares of company stock valued at $35,878,612 in the last quarter. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Up 1.6 %

Shares of HUBS stock opened at $724.46 on Friday. The stock has a market cap of $37.78 billion, a PE ratio of 8,050.45, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The business has a 50-day simple moving average of $739.69 and a 200-day simple moving average of $641.47. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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%. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of analyst reports. Barclays reiterated an “equal weight” rating on shares of HubSpot in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Mizuho boosted their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Wells Fargo & Company boosted their target price on HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Citigroup boosted their target price on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $863.96.

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.