Quantbot Technologies LP Takes $359,000 Position in HubSpot, Inc. (NYSE:HUBS)

Quantbot Technologies LP acquired a new position in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 515 shares of the software maker’s stock, valued at approximately $359,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC raised its position in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised 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 position in HubSpot during the third quarter valued at $25,000. Bank of Jackson Hole Trust acquired a new position in HubSpot during the fourth quarter valued at $35,000. Finally, Friedenthal Financial purchased a new stake in HubSpot in the fourth quarter valued at $50,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Down 2.0 %

HUBS opened at $581.45 on Friday. The stock’s 50-day moving average price is $705.35 and its 200 day moving average price is $657.85. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 6,461.31, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data 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 net margin of 0.17% and a negative return on equity of 0.07%. On average, research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the business’s 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 completion of the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,853 shares of company stock valued at $15,453,396. 4.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on HUBS shares. BMO Capital Markets upped their target price on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Stifel Nicolaus boosted their price target on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Macquarie initiated coverage on shares of HubSpot in a research note on Monday, March 24th. They set an “outperform” rating and a $730.00 price objective on the stock. Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Canaccord Genuity Group increased their price target on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Five 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $848.58.

About HubSpot

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.