OFI Invest Asset Management Buys New Shares in HubSpot, Inc. (NYSE:HUBS)

OFI Invest Asset Management bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 25,233 shares of the software maker's stock, valued at approximately $16,979,000.

Several other institutional investors also recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the third quarter valued at about $25,000. Larson Financial Group LLC grew its position in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after purchasing an additional 19 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in HubSpot during the 4th quarter worth approximately $35,000. Finally, Friedenthal Financial acquired a new stake in HubSpot during the 4th quarter worth approximately $50,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Trading Up 3.5 %

HubSpot stock traded up $20.55 during mid-day trading on Wednesday, reaching $611.22. The company had a trading volume of 846,104 shares, compared to its average volume of 564,539. The business has a fifty day simple moving average of $731.14 and a 200 day simple moving average of $650.26. The company has a market cap of $31.88 billion, a P/E ratio of 6,792.10, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

Remove Ads

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 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%. Research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated 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. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock worth $35,796,526 in the last quarter. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on HUBS. Redburn Atlantic began coverage on shares of HubSpot in a research report on Wednesday, February 19th. They issued a "buy" rating on the stock. Jefferies Financial Group upped their price objective on HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. BMO Capital Markets lifted their target price on HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. KeyCorp raised HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price target for the company in a research report on Thursday, February 13th. Finally, Oppenheimer raised their target price on shares of HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock 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.