Los Angeles Capital Management LLC Increases Stake in HubSpot, Inc. (NYSE:HUBS)

Los Angeles Capital Management LLC grew its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 271.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,297 shares of the software maker's stock after buying an additional 12,635 shares during the period. Los Angeles Capital Management LLC's holdings in HubSpot were worth $12,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of HubSpot by 34.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,334 shares of the software maker's stock valued at $3,395,000 after buying an additional 1,626 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of HubSpot by 50.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker's stock valued at $1,699,000 after purchasing an additional 1,073 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in HubSpot by 57.4% in the third quarter. J.W. Cole Advisors Inc. now owns 639 shares of the software maker's stock valued at $340,000 after acquiring an additional 233 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in HubSpot by 83.0% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 734 shares of the software maker's stock worth $390,000 after buying an additional 333 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in HubSpot by 5.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,285 shares of the software maker's stock valued at $1,746,000 after acquiring an additional 170 shares during the period. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HUBS. BMO Capital Markets increased their target price on shares of HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Scotiabank raised their price objective on shares of HubSpot from $825.00 to $900.00 and gave the stock a "sector outperform" rating in a report on Thursday, February 13th. Wells Fargo & Company boosted their target price on shares of HubSpot from $835.00 to $940.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, Morgan Stanley boosted their price objective on HubSpot from $835.00 to $898.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price of $863.96.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot 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 transaction, the insider now directly owns 524,751 shares of the company's stock, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following 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 trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,112 shares of company stock valued at $35,878,612. Insiders own 4.50% of the company's stock.

HubSpot Price Performance

NYSE HUBS traded up $11.27 during trading hours on Friday, reaching $724.46. 586,082 shares of the stock traded hands, compared to its average volume of 504,687. The company has a market cap of $37.78 billion, a price-to-earnings ratio of 8,050.45, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a 50 day simple moving average of $739.69 and a two-hundred day simple moving average of $641.47.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.