Peak Financial Management Inc. Boosts Holdings in HubSpot, Inc. (NYSE:HUBS)

Peak Financial Management Inc. lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 14.4% during the 4th quarter, HoldingsChannel reports. The fund owned 794 shares of the software maker’s stock after acquiring an additional 100 shares during the period. Peak Financial Management Inc.’s holdings in HubSpot were worth $553,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HUBS. Wellington Management Group LLP increased its position in 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 purchasing an additional 480,796 shares during the last quarter. Geode Capital Management LLC boosted its holdings in HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after acquiring an additional 19,974 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after acquiring an additional 86,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in HubSpot by 8.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock worth $280,186,000 after acquiring an additional 40,138 shares during the last quarter. Finally, Holocene Advisors LP raised its holdings in shares of HubSpot by 17.5% in the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after purchasing an additional 47,736 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Oppenheimer boosted their target price on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets raised their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group lifted their target price on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Morgan Stanley raised their price objective on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, UBS Group lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $721.26.

HubSpot Stock Performance

HUBS opened at $728.24 on Monday. The company has a market capitalization of $37.59 billion, a P/E ratio of -2,697.07, a PEG ratio of 40.57 and a beta of 1.70. The company has a 50-day moving average of $716.86 and a 200-day moving average of $590.99. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same period in the previous year, the company earned ($0.04) earnings per share. HubSpot’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, sell-side analysts expect that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares in the company, valued at $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 115 shares of the 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 in the company, valued at $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 have sold 78,066 shares of company stock valued at $54,900,427. Corporate insiders own 4.50% of the company’s stock.

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.