Horizon Investments LLC Raises Stake in HubSpot, Inc. (NYSE:HUBS)

Horizon Investments LLC boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 514 shares of the software maker’s stock after purchasing an additional 21 shares during the period. Horizon Investments LLC’s holdings in HubSpot were worth $358,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot in the third quarter valued at about $25,000. Larson Financial Group LLC boosted its holdings 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 valued at $30,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% during the fourth 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 in the last quarter. Bank of Jackson Hole Trust purchased a new stake in HubSpot during the fourth quarter worth about $35,000. Finally, Friedenthal Financial purchased a new stake in HubSpot during the fourth quarter worth about $50,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the completion of the sale, the director now owns 1,125 shares of the company’s stock, valued at $811,800. This represents a 33.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,425 shares of company stock valued at $15,866,151. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. William Blair reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Royal Bank of Canada boosted their price objective on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Mizuho upped their price target on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Redburn Atlantic assumed coverage on shares of HubSpot in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, BMO Capital Markets upped their price target on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $853.32.

HubSpot Stock Performance

Shares of HUBS stock opened at $596.87 on Friday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The company has a 50 day moving average price of $717.30 and a 200 day moving average price of $653.29. The firm has a market capitalization of $31.13 billion, a price-to-earnings ratio of 6,632.60, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last issued its quarterly 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, equities analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.