Cabot Wealth Management Inc. Has $4.43 Million Position in HubSpot, Inc. (NYSE:HUBS)

Cabot Wealth Management Inc. lifted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 96.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,362 shares of the software maker's stock after acquiring an additional 3,125 shares during the period. Cabot Wealth Management Inc.'s holdings in HubSpot were worth $4,433,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HUBS. Valliance Asset Management Ltd bought a new position in HubSpot in the fourth quarter worth about $1,045,000. First Horizon Advisors Inc. raised its position in shares of HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after purchasing an additional 15 shares during the period. Compass Capital Corp MA ADV bought a new stake in shares of HubSpot in the 4th quarter worth approximately $291,000. Handelsbanken Fonder AB boosted its position in HubSpot by 2.8% during the 4th quarter. Handelsbanken Fonder AB now owns 16,531 shares of the software maker's stock valued at $11,518,000 after purchasing an additional 458 shares during the period. Finally, Ieq Capital LLC grew its stake in HubSpot by 336.3% during the 4th quarter. Ieq Capital LLC now owns 9,459 shares of the software maker's stock worth $6,591,000 after buying an additional 7,291 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

Shares of NYSE:HUBS traded up $4.43 on Wednesday, reaching $724.53. 463,144 shares of the company traded hands, compared to its average volume of 505,187. The stock has a market capitalization of $37.79 billion, a PE ratio of 8,051.25, a P/E/G ratio of 41.44 and a beta of 1.72. The company's 50 day moving average is $739.03 and its 200-day moving average is $637.48. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS 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, analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

HUBS has been the topic of a number of recent research reports. William Blair reiterated an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. Citigroup lifted their price objective on shares of HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Oppenheimer raised their price target on shares of HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Royal Bank of Canada lifted their price target on HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Scotiabank increased their price objective on HubSpot from $825.00 to $900.00 and gave the stock a "sector outperform" rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $863.96.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares of the company's stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now owns 1,697 shares of the company's stock, valued at $1,170,930. The trade was a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,112 shares of company stock worth $35,878,612 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

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.