Bryce Point Capital LLC Takes $1.53 Million Position in HubSpot, Inc. (NYSE:HUBS)

Bryce Point Capital LLC bought a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,194 shares of the software maker's stock, valued at approximately $1,529,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Melqart Asset Management UK Ltd grew its position in HubSpot by 15.2% during the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker's stock worth $18,010,000 after purchasing an additional 4,468 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of HubSpot by 19.6% during the 3rd quarter. Bamco Inc. NY now owns 37,926 shares of the software maker's stock worth $20,161,000 after acquiring an additional 6,215 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in HubSpot by 4.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker's stock valued at $10,323,000 after purchasing an additional 772 shares during the last quarter. B.O.S.S. Retirement Advisors LLC bought a new position in HubSpot in the 4th quarter worth $1,361,000. Finally, Geode Capital Management LLC increased its stake in shares of HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker's stock worth $435,184,000 after purchasing an additional 19,974 shares during the period. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of recent research reports. Mizuho upped their target price on HubSpot from $725.00 to $775.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Raymond James raised their price target on HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Needham & Company LLC raised their target price on HubSpot from $730.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley increased their price objective on shares of HubSpot from $835.00 to $898.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of HubSpot from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and an average target price of $848.58.

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Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on 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 transaction, the insider now directly owns 524,751 shares of the company's stock, valued at $425,048,310. This represents 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 shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,382 shares of company stock worth $13,415,657. Insiders own 4.50% of the company's stock.

HubSpot Stock Performance

Shares of HUBS stock traded down $27.00 on Friday, hitting $500.79. 1,393,357 shares of the company's stock traded hands, compared to its average volume of 604,703. The stock 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, Inc. has a one year low of $434.84 and a one year high of $881.13. The company's fifty day simple moving average is $688.31 and its 200 day simple moving average is $661.13.

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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.