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

Allstate Corp purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,444 shares of the software maker's stock, valued at approximately $1,006,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBS. Orion Portfolio Solutions LLC boosted its stake in HubSpot by 1.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 3,861 shares of the software maker's stock worth $2,690,000 after purchasing an additional 66 shares during the period. Norges Bank acquired a new stake in shares of HubSpot in the fourth quarter worth $420,345,000. Loomis Sayles & Co. L P acquired a new position in HubSpot during the fourth quarter valued at $82,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in HubSpot by 7.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,401 shares of the software maker's stock worth $24,179,000 after acquiring an additional 2,305 shares during the period. Finally, Korea Investment CORP grew its stake in HubSpot by 6.6% during the 4th quarter. Korea Investment CORP now owns 49,011 shares of the software maker's stock valued at $34,149,000 after acquiring an additional 3,020 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. William Blair restated an "outperform" rating on shares of HubSpot in a report on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on shares of HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. StockNews.com downgraded HubSpot from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Piper Sandler raised their target price on HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Barclays upgraded shares of HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 price target on the stock in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $848.58.

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Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company's stock, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,382 shares of company stock valued at $13,415,657 in the last three months. Company insiders own 4.50% of the company's stock.

HubSpot Stock Performance

Shares of HUBS stock traded down $27.00 during trading hours on Friday, hitting $500.79. 1,393,357 shares of the company were exchanged, compared to its average volume of 605,948. The company has a 50 day simple moving average of $688.31 and a two-hundred day simple moving average of $659.95. The firm has a market cap of $26.12 billion, a P/E ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results 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%. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.