HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. increased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 83.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,575 shares of the software maker’s stock after purchasing an additional 2,539 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in HubSpot were worth $3,884,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in shares of HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares in the last quarter. Geode Capital Management LLC grew its holdings in HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after acquiring an additional 19,974 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock valued at $469,987,000 after purchasing an additional 24,799 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of HubSpot by 8.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after purchasing an additional 40,138 shares in the last quarter. Finally, Holocene Advisors LP lifted its position in shares of HubSpot by 17.5% during the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after purchasing an additional 47,736 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HUBS. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Stifel Nicolaus boosted their target price on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Jefferies Financial Group raised their price objective on shares of HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Redburn Atlantic initiated coverage on shares of HubSpot in a report on Wednesday, February 19th. They issued a “buy” rating for the company. Finally, TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and boosted their price target for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Stock Up 3.3 %

Shares of NYSE HUBS opened at $626.39 on Tuesday. The stock has a market capitalization of $32.67 billion, a price-to-earnings ratio of 6,960.61, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The firm has a 50-day moving average price of $713.86 and a 200 day moving average price of $657.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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 expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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. This represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction on Friday, December 27th. The stock was 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 directly owns 1,125 shares of the company’s stock, valued at approximately $811,800. This trade represents 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 90 days. 4.50% of the stock is currently owned by corporate insiders.

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.