AlphaQuest LLC Has $1.03 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

AlphaQuest LLC raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 69.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,474 shares of the software maker’s stock after buying an additional 603 shares during the quarter. AlphaQuest LLC’s holdings in HubSpot were worth $1,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 purchasing an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $35,000. Finally, Friedenthal Financial acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS opened at $584.67 on Tuesday. The stock has a fifty day moving average price of $733.26 and a two-hundred day moving average price of $649.64. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a market cap of $30.49 billion, a price-to-earnings ratio of 6,497.09, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. As a group, research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 47,997 shares of company stock worth $35,796,526 over the last 90 days. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Oppenheimer lifted their price objective on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Citigroup lifted their price objective on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Scotiabank raised their target price on HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $863.96.

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.