Bailard Inc. Boosts Stock Position in HubSpot, Inc. (NYSE:HUBS)

Bailard Inc. grew its stake in HubSpot, Inc. (NYSE:HUBS) by 9.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,124 shares of the software maker’s stock after acquiring an additional 1,067 shares during the quarter. Bailard Inc.’s holdings in HubSpot were worth $8,448,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing 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 approximately $25,000. Bank of Jackson Hole Trust acquired a new position in HubSpot in the fourth quarter valued at approximately $35,000. HM Payson & Co. lifted its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in HubSpot in the fourth quarter valued at approximately $50,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HUBS shares. Raymond James upped their price objective on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Bank of America upped their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Canaccord Genuity Group upped their price objective on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a report on Thursday, February 13th. Finally, Jefferies Financial Group upped their price target on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Trading Up 1.6 %

Shares of NYSE HUBS opened at $724.46 on Friday. The stock has a market cap of $37.78 billion, a P/E ratio of 8,050.45, a PEG ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The business’s fifty day simple moving average is $739.69 and its 200-day simple moving average is $641.47.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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%. On average, equities analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the transaction, the director now owns 1,697 shares of the company’s stock, valued at $1,170,930. This represents a 25.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock valued at $35,878,612 over the last quarter. 4.50% of the stock is owned by insiders.

About HubSpot

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.