Bailard Inc. Buys 1,067 Shares of HubSpot, Inc. (NYSE:HUBS)

Bailard Inc. grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,124 shares of the software maker's stock after purchasing an additional 1,067 shares during the period. Bailard Inc.'s holdings in HubSpot were worth $8,448,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HUBS. First Horizon Advisors Inc. grew its position in HubSpot by 2.4% during the 4th 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 grew its holdings in shares of HubSpot by 0.5% during the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock valued at $2,271,000 after buying an additional 16 shares during the last quarter. Avitas Wealth Management LLC increased its position in shares of HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after acquiring an additional 17 shares in the last quarter. Principal Securities Inc. lifted its position in HubSpot by 17.2% in the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock valued at $81,000 after acquiring an additional 17 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Performance

Shares of HUBS traded up $10.01 during mid-day trading on Wednesday, reaching $697.13. The stock had a trading volume of 509,431 shares, compared to its average volume of 513,460. The firm has a market cap of $36.36 billion, a price-to-earnings ratio of 7,746.74, a PEG ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The business has a fifty day moving average of $738.87 and a 200 day moving average of $645.44.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HUBS. Truist Financial restated a "buy" rating and issued a $900.00 price target (up previously from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Citigroup boosted their target price on HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Bank of America raised their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a report on Monday, December 16th. UBS Group raised shares of HubSpot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada raised their target price on shares of HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and an average target price of $863.96.

Insider Transactions at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the transaction, the insider now directly owns 513,698 shares of the company's stock, valued at $374,819,745.70. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock valued at $35,796,526 over the last 90 days. Company 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.