Kornitzer Capital Management Inc. KS Has $10.73 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Kornitzer Capital Management Inc. KS boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,400 shares of the software maker’s stock after buying an additional 225 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in HubSpot were worth $10,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot in the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in 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 during the last quarter. HM Payson & Co. lifted its stake 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 buying an additional 18 shares during the period. Friedenthal Financial bought a new position in HubSpot during the fourth quarter worth about $50,000. Finally, Crewe Advisors LLC grew its position in shares of HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after buying an additional 28 shares during the period. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,612 shares of company stock worth $28,993,612. Company insiders own 4.50% of the company’s stock.

HubSpot Trading Down 0.9 %

NYSE HUBS opened at $812.44 on Tuesday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a 50 day moving average of $735.53 and a 200-day moving average of $623.10. The company has a market cap of $41.94 billion, a PE ratio of -3,008.92, a PEG ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. As a group, sell-side analysts predict that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of analyst reports. Bank of America increased their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group increased their target price on shares of HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Oppenheimer boosted their price target on shares of HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Raymond James raised their price objective on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada boosted their target price on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $863.96.

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.