O Shaughnessy Asset Management LLC Purchases 338 Shares of HubSpot, Inc. (NYSE:HUBS)

O Shaughnessy Asset Management LLC grew its position in HubSpot, Inc. (NYSE:HUBS) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,485 shares of the software maker’s stock after acquiring an additional 338 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in HubSpot were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the third quarter valued at $25,000. Larson Financial Group LLC lifted its position in HubSpot by 168.8% during the fourth 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 last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of HubSpot by 73.1% in the 4th 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 bought a new stake in shares of HubSpot in the 4th quarter worth about $35,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of HubSpot during the 4th quarter valued at about $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Down 5.1 %

HUBS opened at $500.79 on Friday. The firm’s 50-day moving average price is $688.31 and its 200-day moving average price is $659.95. The company has a market cap of $26.12 billion, a P/E ratio of 5,564.93, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last posted 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 anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,382 shares of company stock worth $13,415,657 in the last 90 days. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on HUBS. Canaccord Genuity Group lifted their price target on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Oppenheimer boosted their target price on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. William Blair restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Barclays raised shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective for the company in a research note on Wednesday, March 12th. Finally, Scotiabank increased their target price on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $848.58.

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.