Assetmark Inc. Purchases 635 Shares of HubSpot, Inc. (NYSE:HUBS)

Assetmark Inc. raised its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,783 shares of the software maker's stock after purchasing an additional 635 shares during the quarter. Assetmark Inc.'s holdings in HubSpot were worth $6,120,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB grew its stake in shares of HubSpot by 73.1% in 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 last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the 4th quarter worth approximately $35,000. Friedenthal Financial purchased a new position in shares of HubSpot during the fourth quarter valued at approximately $50,000. Finally, Crewe Advisors LLC raised its holdings in shares of HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

NYSE HUBS traded up $4.10 during trading hours on Tuesday, hitting $590.65. The company's stock had a trading volume of 1,409,663 shares, compared to its average volume of 558,293. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The company's 50 day simple moving average is $733.26 and its two-hundred day simple moving average is $649.64. The company has a market cap of $30.80 billion, a P/E ratio of 6,563.51, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

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HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. As a group, research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $690.00, for a total transaction of $394,680.00. Following the transaction, the director now directly owns 1,697 shares of the company's stock, valued at $1,170,930. The trade was a 25.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,997 shares of company stock valued at $35,796,526. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Oppenheimer lifted 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. StockNews.com lowered HubSpot from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Redburn Atlantic began coverage on HubSpot in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Barclays reissued an "equal weight" rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, William Blair reaffirmed an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, HubSpot presently 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.