OFI Invest Asset Management Buys New Stake in HubSpot, Inc. (NYSE:HUBS)

OFI Invest Asset Management purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,233 shares of the software maker’s stock, valued at approximately $16,979,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GDS Wealth Management acquired a new position in HubSpot in the third quarter valued at approximately $2,149,000. Icon Wealth Advisors LLC grew its position in shares of HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after buying an additional 20,479 shares during the last quarter. Curi RMB Capital LLC raised its stake in HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after acquiring an additional 937 shares in the last quarter. Advantage Alpha Capital Partners LP lifted its position in HubSpot by 113.4% in the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after acquiring an additional 9,919 shares during the last quarter. Finally, Melqart Asset Management UK Ltd boosted its stake in HubSpot by 15.2% in the third quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock valued at $18,010,000 after acquiring an additional 4,468 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HUBS. Needham & Company LLC lifted their target price on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Redburn Atlantic started coverage on HubSpot in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. Scotiabank boosted their price objective on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 13th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Down 1.7 %

NYSE:HUBS opened at $640.87 on Friday. The firm’s fifty day simple moving average is $735.56 and its 200-day simple moving average is $647.95. The stock has a market cap of $33.42 billion, a PE ratio of 7,121.52, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. Equities analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $2,144,760.63. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 47,997 shares of company stock valued at $35,796,526 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

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.