Callan Family Office LLC Purchases New Holdings in HubSpot, Inc. (NYSE:HUBS)

Callan Family Office LLC bought a new position in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 300 shares of the software maker’s stock, valued at approximately $209,000.

A number of other large investors have also bought and sold shares of HUBS. Wellington Management Group LLP increased its position in HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in HubSpot in the fourth quarter worth $157,019,000. Proficio Capital Partners LLC purchased a new stake in HubSpot in the fourth quarter worth $79,135,000. Massachusetts Financial Services Co. MA grew its position in shares of HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after purchasing an additional 86,688 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in shares of HubSpot by 87.7% in the fourth quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker’s stock valued at $74,136,000 after purchasing an additional 49,700 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUBS has been the subject of several recent research reports. Mizuho lifted their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Piper Sandler lifted their price target on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Morgan Stanley lifted their price target on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Scotiabank lifted their price target on HubSpot from $825.00 to $900.00 and gave the company 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Trading Up 0.7 %

HUBS opened at $590.65 on Wednesday. The stock has a 50-day moving average price of $731.14 and a 200-day moving average price of $650.26. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a market capitalization of $30.80 billion, a P/E ratio of 6,563.51, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data 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, equities research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In related news, 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 completion of the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,997 shares of company stock worth $35,796,526 in the last ninety days. 4.50% of the stock is owned by company insiders.

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.