Congress Asset Management Co. Buys Shares of 346 HubSpot, Inc. (NYSE:HUBS)

Congress Asset Management Co. bought a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 346 shares of the software maker's stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning raised its position in shares of HubSpot by 10.7% during the 3rd quarter. Creative Planning now owns 6,706 shares of the software maker's stock worth $3,565,000 after purchasing an additional 650 shares during the last quarter. Blue Trust Inc. raised its holdings in HubSpot by 57.9% in the 3rd quarter. Blue Trust Inc. now owns 720 shares of the software maker's stock valued at $425,000 after buying an additional 264 shares during the period. Fortis Group Advisors LLC boosted its position in shares of HubSpot by 4.2% during the 3rd quarter. Fortis Group Advisors LLC now owns 1,203 shares of the software maker's stock worth $640,000 after purchasing an additional 49 shares during the period. Sequoia Financial Advisors LLC increased its holdings in HubSpot by 16.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 690 shares of the software maker's stock valued at $367,000 after purchasing an additional 100 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of HubSpot in the third quarter valued at $80,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Down 2.9 %

Shares of HUBS stock traded down $21.57 during trading on Friday, reaching $726.43. The company's stock had a trading volume of 821,210 shares, compared to its average volume of 567,920. The business has a fifty day moving average price of $739.92 and a 200-day moving average price of $631.52. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The company has a market cap of $37.88 billion, a price-to-earnings ratio of 8,072.32, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent research reports. Evercore ISI upped their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Jefferies Financial Group raised their price objective on shares of HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. TD Cowen lowered shares of HubSpot from a "buy" rating to a "hold" rating and lifted their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Finally, Raymond James raised their price objective on HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $863.96.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business'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 of the company's stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was 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 approximately $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is owned by company insiders.

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.