Ieq Capital LLC Has $6.59 Million Position in HubSpot, Inc. (NYSE:HUBS)

Ieq Capital LLC grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 336.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,459 shares of the software maker's stock after purchasing an additional 7,291 shares during the quarter. Ieq Capital LLC's holdings in HubSpot were worth $6,591,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HUBS. GDS Wealth Management acquired a new position in shares of HubSpot in the 3rd quarter valued at $2,149,000. Pallas Capital Advisors LLC acquired a new position in HubSpot in the third quarter valued at $624,000. Icon Wealth Advisors LLC increased its stake in HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker's stock worth $11,212,000 after acquiring an additional 20,479 shares during the last quarter. Curi RMB Capital LLC raised its holdings in shares of HubSpot by 15.1% in the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock worth $3,797,000 after purchasing an additional 937 shares during the period. Finally, Advantage Alpha Capital Partners LP lifted its stake in shares of HubSpot by 113.4% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker's stock valued at $9,923,000 after purchasing an additional 9,919 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares of the company's stock, valued at $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 ninety days, insiders have sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is owned by insiders.

HubSpot Trading Down 0.1 %

NYSE HUBS traded down $0.86 during trading on Monday, reaching $725.57. 355,495 shares of the company's stock were exchanged, compared to its average volume of 500,969. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company's fifty day simple moving average is $739.92 and its 200-day simple moving average is $634.00. The firm has a market capitalization of $37.84 billion, a PE ratio of 8,059.23, a P/E/G ratio of 41.44 and a beta of 1.72.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on HUBS. Royal Bank of Canada raised their price target on shares of HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Canaccord Genuity Group raised their target price on shares of HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Evercore ISI lifted their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Scotiabank increased their price target on HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a report on Thursday, February 13th. Finally, BMO Capital Markets boosted their price objective on HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Four 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $863.96.

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.