250 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by R Squared Ltd

R Squared Ltd purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 250 shares of the software maker’s stock, valued at approximately $174,000.

Several other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the third quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the period. HM Payson & Co. lifted its holdings in shares of HubSpot by 36.0% during 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 in the last quarter. Friedenthal Financial purchased a new stake in HubSpot during the 4th quarter worth $50,000. Finally, Crewe Advisors LLC increased its holdings in HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Down 1.9 %

Shares of NYSE:HUBS opened at $779.59 on Thursday. The firm has a 50-day simple moving average of $720.89 and a 200 day simple moving average of $595.82. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $811.79. The company has a market cap of $40.25 billion, a PE ratio of -2,887.28, a P/E/G ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the prior year, the firm earned ($0.04) EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, research analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HUBS shares. BMO Capital Markets upped their target price on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Truist Financial restated a “buy” rating and issued a $750.00 target price (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Finally, Oppenheimer lifted their price target on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $724.52.

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.