Ieq Capital LLC Increases Position in HubSpot, Inc. (NYSE:HUBS)

Ieq Capital LLC increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 336.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,459 shares of the software maker’s stock after purchasing an additional 7,291 shares during the quarter. Ieq Capital LLC’s holdings in HubSpot were worth $6,591,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the third quarter valued at $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in HubSpot in the 4th quarter worth about $35,000. HM Payson & Co. increased its stake in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares in the last quarter. Finally, Friedenthal Financial purchased a new stake in HubSpot during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock worth $35,878,612 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HUBS. JPMorgan Chase & Co. lifted their price target on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Barclays lifted their target price on shares of HubSpot from $725.00 to $815.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Oppenheimer upped their target price on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. StockNews.com raised shares of HubSpot from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Citigroup upped their price objective 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. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Price Performance

NYSE HUBS opened at $748.14 on Friday. The stock has a market capitalization of $39.02 billion, a P/E ratio of 8,313.56, a PEG ratio of 44.50 and a beta of 1.72. The firm’s 50-day moving average is $739.56 and its two-hundred day moving average is $628.81. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

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.