Polymer Capital Management HK LTD Takes $2.72 Million Position in HubSpot, Inc. (NYSE:HUBS)

Polymer Capital Management HK LTD purchased a new stake in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,902 shares of the software maker’s stock, valued at approximately $2,719,000.

A number of other institutional investors have also recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter worth $25,000. Larson Financial Group LLC boosted its stake in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings 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 during the last quarter. Aster Capital Management DIFC Ltd increased its position in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after buying an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new position in shares of HubSpot during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In related news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now directly owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s 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 sale, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,382 shares of company stock worth $13,415,657. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Stock Performance

HUBS stock opened at $500.79 on Friday. The company has a market capitalization of $26.12 billion, a PE ratio of 5,564.93, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The company’s fifty day moving average price is $688.31 and its 200-day moving average price is $661.13.

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

Analyst Ratings Changes

Several equities analysts recently commented on HUBS shares. StockNews.com cut shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a report on Thursday, February 13th. Stifel Nicolaus upped their price objective on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and upped their price objective for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Finally, UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $848.58.

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.