V Square Quantitative Management LLC Increases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

V Square Quantitative Management LLC increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 979 shares of the software maker’s stock after buying an additional 50 shares during the period. V Square Quantitative Management LLC’s holdings in HubSpot were worth $682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HUBS. Avitas Wealth Management LLC increased its stake in shares of HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after acquiring an additional 17 shares during the last quarter. HM Payson & Co. boosted its holdings in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of HubSpot by 1.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock valued at $798,000 after buying an additional 21 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of HubSpot by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock valued at $393,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 0.9 %

Shares of HubSpot stock opened at $812.44 on Friday. The business’s 50 day simple moving average is $734.12 and its 200-day simple moving average is $619.11. The stock has a market capitalization of $41.94 billion, a price-to-earnings ratio of -3,008.92, a PEG ratio of 43.94 and a beta of 1.72. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results 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 negative return on equity of 1.16% and a negative net margin of 0.56%. Sell-side analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value 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 approximately $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,112 shares of company stock worth $51,432,627 in the last three months. 4.50% of the stock is owned by company insiders.

Analyst Ratings Changes

HUBS has been the subject of several recent research reports. Piper Sandler lifted their price objective on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company lifted their price target on HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore ISI lifted their price target on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Mizuho boosted their target price on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Scotiabank boosted their target price on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $857.75.

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.