Smartleaf Asset Management LLC Raises Stock Position in HubSpot, Inc. (NYSE:HUBS)

Smartleaf Asset Management LLC grew its position in HubSpot, Inc. (NYSE:HUBS) by 52.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 270 shares of the software maker’s stock after purchasing an additional 93 shares during the quarter. Smartleaf Asset Management LLC’s holdings in HubSpot were worth $189,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the third quarter worth about $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of HubSpot in the 4th quarter valued at $35,000. Friedenthal Financial purchased a new position in HubSpot in the 4th quarter worth $50,000. Finally, Crewe Advisors LLC lifted its position in HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. This represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,997 shares of company stock worth $35,796,526. Insiders own 4.50% of the company’s stock.

HubSpot Stock Up 1.5 %

Shares of NYSE HUBS opened at $697.13 on Thursday. The firm has a market cap of $36.36 billion, a price-to-earnings ratio of 7,746.74, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The company’s 50-day simple moving average is $738.38 and its 200-day simple moving average is $645.80. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last announced its earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HUBS. Barclays restated an “equal weight” rating on shares of HubSpot in a research note on Thursday, February 13th. Canaccord Genuity Group raised their price target on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Bank of America upped their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. StockNews.com cut shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Raymond James upped their price target on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

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.