K.J. Harrison & Partners Inc Has $1.95 Million Position in HubSpot, Inc. (NYSE:HUBS)

K.J. Harrison & Partners Inc lessened its position in HubSpot, Inc. (NYSE:HUBS) by 41.7% in the 4th quarter, Holdings Channel reports. The firm owned 2,800 shares of the software maker’s stock after selling 2,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in HubSpot were worth $1,953,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position 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 valued at $31,000 after buying an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the third quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the fourth quarter worth about $35,000. HM Payson & Co. raised its position in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Finally, Friedenthal Financial bought a new position in shares of HubSpot during the 4th quarter valued at about $50,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Up 0.6 %

Shares of NYSE HUBS opened at $724.53 on Thursday. The business’s 50 day moving average price is $739.38 and its two-hundred day moving average price is $638.09. The company has a market cap of $37.79 billion, a PE ratio of 8,051.25, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

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

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the transaction, the insider now owns 513,698 shares in the company, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,112 shares of company stock worth $35,878,612 over the last ninety days. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HUBS shares. Evercore ISI increased their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Raymond James increased their price objective on shares of HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Redburn Atlantic began coverage on shares of HubSpot in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. Citigroup increased their target price on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets upped their price objective on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given 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 price target 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.