2,940 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Donoghue Forlines LLC

Donoghue Forlines LLC bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,940 shares of the software maker’s stock, valued at approximately $2,049,000. HubSpot accounts for about 0.7% of Donoghue Forlines LLC’s investment portfolio, making the stock its 27th largest position.

A number of other hedge funds have also added to or reduced their stakes in HUBS. HM Payson & Co. boosted its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares in the last quarter. 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 worth $31,000 after acquiring an additional 19 shares during the last quarter. Pallas Capital Advisors LLC grew its position in HubSpot by 1.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock worth $798,000 after purchasing an additional 21 shares in the last quarter. Ballentine Partners LLC increased its position in shares of HubSpot by 4.6% during the fourth quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock valued at $393,000 after acquiring an additional 25 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased its holdings in HubSpot by 2.6% during the third quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after buying an additional 26 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

HUBS stock opened at $725.50 on Thursday. The company has a market cap of $37.45 billion, a P/E ratio of -2,686.93, a price-to-earnings-growth ratio of 40.35 and a beta of 1.70. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47. The stock’s fifty day moving average price is $715.03 and its 200-day moving average price is $588.76.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) EPS. As a group, analysts expect that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the sale, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock worth $54,900,427 over the last three months. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HUBS has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. BMO Capital Markets boosted their target price on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Mizuho increased their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Royal Bank of Canada raised their target price on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $721.26.

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.