1,444 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by Allstate Corp

Allstate Corp bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,444 shares of the software maker’s stock, valued at approximately $1,006,000.

Other large investors also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its position in shares of HubSpot by 1.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 3,861 shares of the software maker’s stock valued at $2,690,000 after buying an additional 66 shares during the last quarter. Norges Bank bought a new position in shares of HubSpot during the fourth quarter worth $420,345,000. Loomis Sayles & Co. L P purchased a new position in HubSpot during the fourth quarter valued at $82,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in HubSpot by 7.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,401 shares of the software maker’s stock valued at $24,179,000 after acquiring an additional 2,305 shares during the last quarter. Finally, Korea Investment CORP lifted its stake in HubSpot by 6.6% in the 4th quarter. Korea Investment CORP now owns 49,011 shares of the software maker’s stock worth $34,149,000 after purchasing an additional 3,020 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Price Performance

HubSpot stock opened at $581.45 on Monday. The stock has a market cap of $30.32 billion, a price-to-earnings ratio of 6,461.31, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The firm has a 50-day moving average of $705.35 and a two-hundred day moving average of $660.14. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

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 negative return on equity of 0.07% and a net margin of 0.17%. Research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HUBS. Mizuho lifted their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada lifted their price objective on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Truist Financial reiterated a “buy” rating and set a $900.00 target price (up from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Morgan Stanley boosted their price target on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Citigroup increased their price objective on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,853 shares of company stock worth $15,453,396. Company insiders own 4.50% of the company’s stock.

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.