1,702 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by May Hill Capital LLC

May Hill Capital LLC acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,702 shares of the software maker’s stock, valued at approximately $1,186,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter worth $25,000. Larson Financial Group LLC raised its position in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of HubSpot in the fourth quarter valued at about $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $36,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Price Performance

Shares of NYSE HUBS opened at $570.58 on Tuesday. The company has a market capitalization of $29.76 billion, a price-to-earnings ratio of 6,340.52, a PEG ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The business has a 50-day moving average of $702.68 and a 200-day moving average of $660.69.

HubSpot (NYSE:HUBS) last issued 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%. Research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,853 shares of company stock worth $15,453,396 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HUBS. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Piper Sandler upped their price objective on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Sanford C. Bernstein started coverage on HubSpot in a research report on Thursday, March 20th. They set a “market perform” rating and a $693.00 price objective for the company. Truist Financial restated a “buy” rating and issued a $900.00 target price (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Finally, Needham & Company LLC lifted their price target on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Company 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.