K.J. Harrison & Partners Inc Has $1.95 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

K.J. Harrison & Partners Inc lowered its holdings in HubSpot, Inc. (NYSE:HUBS) by 41.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,800 shares of the software maker’s stock after selling 2,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in HubSpot were worth $1,953,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBS. Mirae Asset Global Investments Co. Ltd. grew its position in HubSpot by 34.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,334 shares of the software maker’s stock worth $3,395,000 after purchasing an additional 1,626 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of HubSpot by 50.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker’s stock valued at $1,699,000 after buying an additional 1,073 shares during the period. J.W. Cole Advisors Inc. grew its position in HubSpot by 57.4% during the third quarter. J.W. Cole Advisors Inc. now owns 639 shares of the software maker’s stock worth $340,000 after buying an additional 233 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in HubSpot by 83.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 734 shares of the software maker’s stock valued at $390,000 after acquiring an additional 333 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in HubSpot by 5.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,285 shares of the software maker’s stock valued at $1,746,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HUBS. Stifel Nicolaus lifted their price objective on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Evercore ISI boosted their price target on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Needham & Company LLC raised their price objective on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their target price on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, William Blair reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Trading Up 0.6 %

HUBS opened at $724.53 on Thursday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock has a market capitalization of $37.79 billion, a PE ratio of 8,051.25, a PEG ratio of 41.44 and a beta of 1.72. The firm has a 50-day moving average price of $739.38 and a two-hundred day moving average price of $638.09.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results 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%. On average, research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,112 shares of company stock valued at $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.