Zevenbergen Capital Investments LLC Buys 2,680 Shares of HubSpot, Inc. (NYSE:HUBS)

Zevenbergen Capital Investments LLC increased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 7.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 38,115 shares of the software maker’s stock after acquiring an additional 2,680 shares during the period. Zevenbergen Capital Investments LLC’s holdings in HubSpot were worth $26,557,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HUBS. Wilmington Savings Fund Society FSB bought a new stake in HubSpot during the third quarter worth approximately $25,000. Larson Financial Group LLC lifted its stake in shares of HubSpot by 168.8% in the fourth 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 boosted its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the period. Bank of Jackson Hole Trust acquired a new position in HubSpot in the 4th quarter valued at $35,000. Finally, Friedenthal Financial acquired a new position in HubSpot in the 4th quarter valued at $50,000. 90.39% of the stock is owned by institutional investors.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares in the company, valued at $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of HubSpot 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 owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,425 shares of company stock valued at $15,866,151 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial restated a “buy” rating and set a $900.00 price target (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Needham & Company LLC boosted their price objective on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Raymond James raised their target price on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Canaccord Genuity Group upped their price target on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus increased their price objective on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $853.32.

HubSpot Price Performance

Shares of HUBS stock opened at $604.89 on Monday. The stock’s fifty day simple moving average is $715.33 and its 200 day simple moving average is $656.27. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The firm has a market cap of $31.55 billion, a price-to-earnings ratio of 6,721.75, a P/E/G ratio of 41.44 and a beta of 1.80.

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

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.