Korea Investment CORP Acquires 3,020 Shares of HubSpot, Inc. (NYSE:HUBS)

Korea Investment CORP lifted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,011 shares of the software maker's stock after purchasing an additional 3,020 shares during the quarter. Korea Investment CORP owned 0.09% of HubSpot worth $34,149,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after buying an additional 13 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after acquiring an additional 15 shares during the last quarter. Amalgamated Bank lifted its position in HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock valued at $2,271,000 after acquiring an additional 16 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after purchasing an additional 17 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in HubSpot by 17.2% during the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock worth $81,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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HubSpot Stock Performance

Shares of NYSE HUBS traded up $12.29 during mid-day trading on Wednesday, hitting $594.31. The stock had a trading volume of 217,770 shares, compared to its average volume of 556,856. The firm has a market cap of $31.00 billion, a P/E ratio of 6,605.11, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The business has a 50 day moving average price of $699.84 and a two-hundred day moving average price of $661.33. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

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 (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%. Equities research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on HUBS. BMO Capital Markets increased their price target on HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Bank of America increased their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Oppenheimer increased their price objective on HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Jefferies Financial Group raised their target price on HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company upped their price target on HubSpot from $835.00 to $940.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $848.58.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now owns 38,560 shares of the company's stock, valued at $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,853 shares of company stock valued at $15,453,396. Company insiders own 4.50% of the company's stock.

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.