HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Huntington National Bank

Huntington National Bank raised its position in HubSpot, Inc. (NYSE:HUBS) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417 shares of the software maker’s stock after acquiring an additional 36 shares during the quarter. Huntington National Bank’s holdings in HubSpot were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HUBS. Private Portfolio Partners LLC acquired a new position in shares of HubSpot in the fourth quarter valued at approximately $217,000. Massachusetts Financial Services Co. MA grew its stake in shares of HubSpot by 18.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock worth $471,068,000 after acquiring an additional 104,800 shares in the last quarter. Groupama Asset Managment increased its position in shares of HubSpot by 3.8% during the fourth quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock worth $506,412,000 after acquiring an additional 26,799 shares during the period. May Hill Capital LLC purchased a new position in HubSpot in the fourth quarter valued at $1,186,000. Finally, Headlands Technologies LLC acquired a new position in HubSpot during the 4th quarter worth $160,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HUBS. Redburn Atlantic began coverage on HubSpot in a research note on Wednesday, February 19th. They issued a “buy” rating for the company. William Blair reiterated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Mizuho increased their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Canaccord Genuity Group lifted their price objective on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC increased their target price on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $848.58.

HubSpot Stock Performance

HUBS stock opened at $500.79 on Friday. The stock has a market capitalization 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. The company has a fifty day moving average of $688.31 and a 200-day moving average of $659.95. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

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 analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,382 shares of company stock worth $13,415,657 over the last three months. 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.