311 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Private Portfolio Partners LLC

Private Portfolio Partners LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 311 shares of the software maker’s stock, valued at approximately $217,000.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot in the third quarter worth approximately $25,000. Larson Financial Group LLC grew its stake in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings 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 worth $31,000 after buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of HubSpot during the 4th quarter valued at $35,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of HubSpot during the 4th quarter worth $36,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Up 2.1 %

HUBS opened at $593.97 on Thursday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The stock has a market cap of $30.98 billion, a PE ratio of 6,600.40, a PEG ratio of 41.44 and a beta of 1.82. The business has a 50 day moving average of $697.10 and a 200-day moving average of $660.86.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Equities analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,853 shares of company stock worth $15,453,396. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on HubSpot in a research note on Thursday, March 20th. They issued a “market perform” rating and a $693.00 target price on the stock. Needham & Company LLC increased their price objective on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their target price on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Bank of America increased their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Royal Bank of Canada boosted their price objective on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.