Everence Capital Management Inc. Buys Shares of 1,450 HubSpot, Inc. (NYSE:HUBS)

Everence Capital Management Inc. purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,450 shares of the software maker's stock, valued at approximately $1,010,000.

A number of other institutional investors have also recently bought and sold shares of HUBS. Wellington Management Group LLP lifted its position in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock valued at $745,410,000 after acquiring an additional 480,796 shares during the period. Fred Alger Management LLC increased its stake in HubSpot by 516.2% in the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker's stock valued at $96,307,000 after acquiring an additional 136,793 shares during the last quarter. International Assets Investment Management LLC raised its position in HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker's stock valued at $672,590,000 after purchasing an additional 126,462 shares in the last quarter. Marshall Wace LLP lifted its stake in HubSpot by 88.7% during the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock worth $142,468,000 after purchasing an additional 113,555 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock valued at $303,689,000 after purchasing an additional 86,688 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Trading Up 0.8 %

Shares of HUBS stock traded up $5.42 during trading hours on Friday, reaching $702.85. The stock had a trading volume of 419,235 shares, compared to its average volume of 366,067. The stock's fifty day simple moving average is $689.11 and its 200 day simple moving average is $576.96. The firm has a market capitalization of $36.28 billion, a PE ratio of -2,603.05, a PEG ratio of 87.75 and a beta of 1.70. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter last year, the company posted ($0.04) EPS. The company's revenue for the quarter was up 20.1% on a year-over-year basis. As a group, equities research analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on HUBS shares. Barclays boosted their price objective on shares of HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Oppenheimer increased their price target on HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Needham & Company LLC restated a "buy" rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on HubSpot from $750.00 to $825.00 and gave the company an "outperform" rating in a report on Friday. Finally, Wells Fargo & Company raised their price target on shares of HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, HubSpot currently has an average rating of "Moderate Buy" and a consensus price target of $705.64.

Insider Buying and Selling at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on 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 directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 1,374 shares of the business's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $755,700.00. Following the transaction, the chief executive officer now directly owns 61,294 shares in the company, valued at $33,711,700. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,391 shares of company stock worth $53,243,511 over the last ninety days. 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.