J.Safra Asset Management Corp Buys 104 Shares of HubSpot, Inc. (NYSE:HUBS)

J.Safra Asset Management Corp raised its stake in HubSpot, Inc. (NYSE:HUBS) by 72.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 248 shares of the software maker’s stock after buying an additional 104 shares during the quarter. J.Safra Asset Management Corp’s holdings in HubSpot were worth $173,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HUBS. MassMutual Private Wealth & Trust FSB lifted its position in shares of HubSpot by 73.1% in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the third quarter worth $25,000. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the fourth quarter worth $35,000. Friedenthal Financial bought a new stake in shares of HubSpot in the fourth quarter worth $50,000. Finally, Crewe Advisors LLC lifted its position in shares of HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Evercore ISI boosted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Canaccord Genuity Group boosted their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and boosted their target price for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Finally, Bank of America boosted their target price on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Stock Performance

Shares of HubSpot stock opened at $697.13 on Thursday. The firm has a 50-day moving average of $738.38 and a 200-day moving average of $645.80. The stock has a market cap of $36.36 billion, a PE ratio of 7,746.74, a PEG ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last announced its earnings results 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 net margin of 0.17% and a negative return on equity of 0.07%. Equities research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,997 shares of company stock valued at $35,796,526 over the last quarter. 4.50% of the stock is owned by company 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.