HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 564 shares of the software maker’s stock after buying an additional 25 shares during the quarter. Ballentine Partners LLC’s holdings in HubSpot were worth $393,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of HUBS. HM Payson & Co. boosted its stake in shares of HubSpot by 36.0% during 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. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% during the fourth 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. Pallas Capital Advisors LLC raised its position in shares of HubSpot by 1.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock valued at $798,000 after buying an additional 21 shares during the last quarter. Motley Fool Asset Management LLC lifted its stake in shares of HubSpot by 2.6% during the third quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock valued at $541,000 after buying an additional 26 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in HubSpot by 3.0% during the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after acquiring an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is currently owned by insiders.

HubSpot Price Performance

Shares of HUBS stock opened at $736.75 on Friday. The company’s fifty day moving average price is $715.03 and its two-hundred day moving average price is $588.76. The firm has a market capitalization of $38.03 billion, a P/E ratio of -2,728.60, a P/E/G ratio of 40.35 and a beta of 1.70. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts anticipate that HubSpot, Inc. will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HUBS. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a report on Thursday, November 7th. UBS Group lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Barclays raised their price target on HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Wells Fargo & Company upped their price objective on shares of HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley raised their target price on shares of HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $721.26.

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.