Loomis Sayles & Co. L P Acquires New Holdings in HubSpot, Inc. (NYSE:HUBS)

Loomis Sayles & Co. L P bought a new position in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 117 shares of the software maker’s stock, valued at approximately $82,000.

Several other hedge funds also recently modified their holdings of HUBS. Larson Financial Group LLC increased its holdings in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in 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 purchasing an additional 19 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the third quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new position in shares of HubSpot in the fourth quarter valued at approximately $35,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of HubSpot in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HUBS shares. Canaccord Genuity Group raised their target price on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company upped their price target on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Morgan Stanley increased their target price on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $900.00 target price (up previously from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $848.58.

HubSpot Price Performance

Shares of HUBS stock opened at $581.45 on Monday. The stock’s fifty day simple moving average is $705.35 and its 200 day simple moving average is $660.14. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 6,461.31, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 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, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,853 shares of company stock worth $15,453,396 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

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.