Addison Capital Co Raises Stake in HubSpot, Inc. (NYSE:HUBS)

Addison Capital Co boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,940 shares of the software maker’s stock after buying an additional 49 shares during the quarter. HubSpot accounts for about 1.1% of Addison Capital Co’s portfolio, making the stock its 28th largest holding. Addison Capital Co’s holdings in HubSpot were worth $2,745,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Aigen Investment Management LP acquired a new position in shares of HubSpot in the 3rd quarter valued at about $211,000. Victory Capital Management Inc. lifted its holdings in HubSpot by 1.7% in the third quarter. Victory Capital Management Inc. now owns 24,620 shares of the software maker’s stock valued at $13,088,000 after acquiring an additional 416 shares during the period. KBC Group NV boosted its position in HubSpot by 5.9% in the 3rd quarter. KBC Group NV now owns 12,695 shares of the software maker’s stock worth $6,748,000 after purchasing an additional 711 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of HubSpot by 6.8% during the 3rd quarter. Metis Global Partners LLC now owns 1,355 shares of the software maker’s stock valued at $720,000 after purchasing an additional 86 shares in the last quarter. Finally, ING Groep NV purchased a new position in shares of HubSpot during the 3rd quarter valued at approximately $3,083,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Performance

NYSE HUBS opened at $609.73 on Monday. The stock’s fifty day moving average is $725.59 and its two-hundred day moving average is $652.55. The firm has a market capitalization of $31.80 billion, a P/E ratio of 6,775.49, 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 announced its quarterly 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity

In related news, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. The trade was a 25.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 3,057 shares of the 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 directly owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock valued at $35,796,526 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the topic of several analyst reports. Royal Bank of Canada raised their price target on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. The Goldman Sachs Group raised their target price on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Stifel Nicolaus raised their price objective on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Piper Sandler upped their target price on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

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.