HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Summit Global Investments

Summit Global Investments lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,275 shares of the software maker’s stock after purchasing an additional 17 shares during the quarter. Summit Global Investments’ holdings in HubSpot were worth $889,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in shares of 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 purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 worth $31,000 after purchasing an additional 19 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the third quarter worth $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of HubSpot during the fourth quarter worth $35,000. Finally, Friedenthal Financial acquired a new stake in shares of HubSpot during the fourth quarter worth $50,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

NYSE:HUBS opened at $604.89 on Monday. The company has a market capitalization of $31.55 billion, a price-to-earnings ratio of 6,721.75, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The stock has a 50-day simple moving average of $715.33 and a 200 day simple moving average of $656.27.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. On average, equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HUBS shares. Barclays raised HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 target price on the stock in a research report on Wednesday, March 12th. BMO Capital Markets increased their target price on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Morgan Stanley increased their target price on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Piper Sandler increased their target price on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Raymond James increased their target price on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $853.32.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the completion of the transaction, the director now owns 1,125 shares of the company’s stock, valued at approximately $811,800. The trade was a 33.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,425 shares of company stock worth $15,866,151 over the last ninety days. Company insiders own 4.50% of the company’s stock.

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.