SBI Securities Co. Ltd. Invests $185,000 in HubSpot, Inc. (NYSE:HUBS)

SBI Securities Co. Ltd. purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 265 shares of the software maker’s stock, valued at approximately $185,000.

Several other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in HubSpot by 41.1% during the fourth quarter. Jones Financial Companies Lllp now owns 302 shares of the software maker’s stock worth $210,000 after acquiring an additional 88 shares during the period. Bailard Inc. grew its holdings in shares of HubSpot by 9.6% during the fourth quarter. Bailard Inc. now owns 12,124 shares of the software maker’s stock valued at $8,448,000 after purchasing an additional 1,067 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of HubSpot by 52.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 270 shares of the software maker’s stock worth $189,000 after purchasing an additional 93 shares during the period. Bridges Investment Management Inc. bought a new stake in shares of HubSpot in the 4th quarter worth approximately $238,000. Finally, US Bancorp DE boosted its position in HubSpot by 8.6% during the 4th quarter. US Bancorp DE now owns 2,630 shares of the software maker’s stock valued at $1,833,000 after purchasing an additional 209 shares during the period. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Down 6.8 %

Shares of NYSE HUBS opened at $650.88 on Friday. The business has a fifty day simple moving average of $736.91 and a 200-day simple moving average of $645.84. The company has a market cap of $33.95 billion, a price-to-earnings ratio of 7,232.80, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last announced its 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%. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Piper Sandler increased their price objective on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a 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 company a “buy” rating in a research note on Thursday, February 13th. Citigroup raised their price target on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Barclays reiterated an “equal weight” rating on shares of HubSpot in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,997 shares of company stock worth $35,796,526. Corporate insiders own 4.50% of the company’s stock.

HubSpot 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.