1,127 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board acquired a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,127 shares of the software maker's stock, valued at approximately $785,000.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the third quarter valued at about $25,000. Oddo BHF Asset Management Sas bought a new position in HubSpot in the 3rd quarter valued at about $740,000. GAMMA Investing LLC raised its holdings in HubSpot by 16.9% during the fourth quarter. GAMMA Investing LLC now owns 221 shares of the software maker's stock worth $154,000 after purchasing an additional 32 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of HubSpot in the fourth quarter valued at $1,010,000. Finally, Nordea Investment Management AB grew its stake in shares of HubSpot by 7.7% in the 4th quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker's stock worth $2,987,000 after purchasing an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Stock Performance

HubSpot stock traded up $9.73 on Tuesday, reaching $528.79. The company's stock had a trading volume of 88,822 shares, compared to its average volume of 616,169. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The company has a market cap of $27.58 billion, a price-to-earnings ratio of 5,886.88, a PEG ratio of 41.44 and a beta of 1.82. The business's fifty day moving average price is $622.56 and its 200 day moving average price is $660.98.

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

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,882 shares of company stock worth $17,993,757 in the last ninety days. Company insiders own 4.50% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HUBS. Mizuho reduced their price objective on HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC upped their price objective on shares of HubSpot from $730.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. William Blair reissued an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Raymond James upped their target price on HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Citigroup upped their target price on HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, twenty-four have issued 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 $804.78.

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.