May Hill Capital LLC Buys New Stake in HubSpot, Inc. (NYSE:HUBS)

May Hill Capital LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,702 shares of the software maker's stock, valued at approximately $1,186,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after acquiring an additional 13 shares during the last quarter. First Horizon Advisors Inc. increased its stake in HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after purchasing an additional 15 shares during the last quarter. Amalgamated Bank increased its stake in HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock valued at $2,271,000 after purchasing an additional 16 shares during the last quarter. Avitas Wealth Management LLC raised its holdings in HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock worth $1,420,000 after purchasing an additional 17 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of HubSpot by 17.2% during the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock worth $81,000 after buying an additional 17 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value 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 $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,382 shares of company stock worth $13,415,657 in the last three months. Company insiders own 4.50% of the company's stock.

HubSpot Stock Performance

HubSpot stock traded down $27.00 during midday trading on Friday, reaching $500.79. 1,393,357 shares of the company were exchanged, compared to its average volume of 604,703. The firm's 50-day simple moving average is $688.31 and its 200-day simple moving average is $661.13. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a market capitalization of $26.12 billion, a price-to-earnings ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last issued 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 return on equity of 0.07% and a net margin of 0.17%. On average, analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

HUBS has been the topic of several research analyst reports. Needham & Company LLC lifted their price target on shares of HubSpot from $730.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. UBS Group raised HubSpot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th. Truist Financial reissued a "buy" rating and issued a $900.00 target price (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Jefferies Financial Group lifted their price target on HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets lifted their price target on HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $848.58.

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.