E. Ohman J or Asset Management AB Buys 260 Shares of HubSpot, Inc. (NYSE:HUBS)

E. Ohman J or Asset Management AB increased its stake in HubSpot, Inc. (NYSE:HUBS) by 13.0% in the fourth quarter, HoldingsChannel reports. The fund owned 2,260 shares of the software maker’s stock after purchasing an additional 260 shares during the period. E. Ohman J or Asset Management AB’s holdings in HubSpot were worth $1,575,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB lifted its position in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the third quarter worth $25,000. HM Payson & Co. raised its holdings in 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 buying an additional 18 shares during the last quarter. Friedenthal Financial bought a new stake in HubSpot during the 4th quarter valued at $50,000. Finally, Crewe Advisors LLC boosted its position in HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after buying an additional 28 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Price Performance

Shares of HubSpot stock opened at $765.26 on Wednesday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $811.79. The firm’s 50-day moving average is $725.07 and its 200 day moving average is $604.09. The stock has a market cap of $39.50 billion, a price-to-earnings ratio of -2,834.19, a PEG ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share. On average, equities analysts expect 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 4,381 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $28,881,300. This trade represents a 9.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,066 shares of company stock worth $54,900,427. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the subject of several recent analyst reports. Barclays upped their price objective on shares of HubSpot from $650.00 to $725.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Jefferies Financial Group upped their price target on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday. Scotiabank lifted their price objective on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, January 8th. Needham & Company LLC restated a “buy” rating and set a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. Finally, Stifel Nicolaus raised their price target on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $732.88.

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.