Alcosta Capital Management Inc. Boosts Stock Position in HubSpot, Inc. (NYSE:HUBS)

Alcosta Capital Management Inc. boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,183 shares of the software maker’s stock after acquiring an additional 118 shares during the period. HubSpot accounts for about 2.1% of Alcosta Capital Management Inc.’s holdings, making the stock its 24th biggest position. Alcosta Capital Management Inc.’s holdings in HubSpot were worth $3,611,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBS. Farther Finance Advisors LLC raised its position in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after purchasing an additional 13 shares during the period. Wedbush Securities Inc. raised its holdings in HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after acquiring an additional 13 shares during the period. First Horizon Advisors Inc. lifted its position in shares of HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after acquiring an additional 16 shares during the period. Finally, Avitas Wealth Management LLC grew 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 purchasing an additional 17 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,382 shares of company stock valued at $13,415,657. Insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on HUBS shares. The Goldman Sachs Group raised their target price on HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Raymond James raised their price objective on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Stephens began coverage on shares of HubSpot in a report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price target for the company. Finally, Sanford C. Bernstein started coverage on shares of HubSpot in a report on Thursday, March 20th. They issued a “market perform” rating and a $693.00 price target on the stock. Five research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Trading Down 5.1 %

NYSE HUBS opened at $500.79 on Friday. The firm has a market cap of $26.12 billion, a PE ratio of 5,564.93, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock has a 50-day moving average of $688.31 and a 200-day moving average of $661.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. As a group, equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.