Vestcor Inc Buys 2,499 Shares of HubSpot, Inc. (NYSE:HUBS)

Vestcor Inc boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 283.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,382 shares of the software maker’s stock after purchasing an additional 2,499 shares during the quarter. Vestcor Inc’s holdings in HubSpot were worth $2,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. Farther Finance Advisors LLC lifted its holdings in shares of HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after purchasing an additional 13 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in HubSpot by 21.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 840 shares of the software maker’s stock worth $585,000 after buying an additional 150 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of HubSpot by 65.6% in the fourth quarter. HighTower Advisors LLC now owns 7,512 shares of the software maker’s stock valued at $5,234,000 after buying an additional 2,977 shares in the last quarter. Prosperity Financial Group Inc. grew its holdings in shares of HubSpot by 18.3% during the fourth quarter. Prosperity Financial Group Inc. now owns 712 shares of the software maker’s stock valued at $496,000 after buying an additional 110 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after acquiring an additional 129,357 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on HUBS. Stifel Nicolaus lifted their price target on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Redburn Atlantic began coverage on HubSpot in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. Raymond James increased their price target on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Bank of America lifted their price objective on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Canaccord Genuity Group increased their target price on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now owns 1,697 shares of the company’s stock, valued at approximately $1,170,930. This trade represents a 25.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,997 shares of company stock valued at $35,796,526. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Up 1.9 %

NYSE HUBS opened at $609.73 on Friday. The firm has a market cap of $31.80 billion, a P/E ratio of 6,775.49, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The company’s 50 day moving average is $725.59 and its 200-day moving average is $650.40. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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%. Equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

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.