Y Intercept Hong Kong Ltd Takes Position in HubSpot, Inc. (NYSE:HUBS)

Y Intercept Hong Kong Ltd bought a new stake in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,474 shares of the software maker’s stock, valued at approximately $3,814,000.

A number of other institutional investors also recently modified their holdings of the business. First Horizon Advisors Inc. boosted its position in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after acquiring an additional 15 shares during the period. Avitas Wealth Management LLC boosted its position in shares of HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 17 shares during the period. Principal Securities Inc. boosted its position in shares of HubSpot by 17.2% in the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock valued at $81,000 after acquiring an additional 17 shares during the period. HM Payson & Co. boosted its position in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 acquiring an additional 19 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HUBS. The Goldman Sachs Group boosted their target price on shares of HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Piper Sandler upped their price objective on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. BMO Capital Markets upped their price objective on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group upped their price objective on shares of HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Price Performance

HubSpot stock opened at $726.43 on Monday. The business has a 50 day moving average of $739.92 and a 200-day moving average of $634.00. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a market capitalization of $37.89 billion, a P/E ratio of 8,072.32, a P/E/G ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $690.00, for a total transaction of $394,680.00. Following the completion of the sale, the director now owns 1,697 shares of the company’s stock, valued at approximately $1,170,930. This represents a 25.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is currently owned by company insiders.

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.