Pier 88 Investment Partners LLC Has $1.62 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Pier 88 Investment Partners LLC raised its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 217.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,320 shares of the software maker's stock after purchasing an additional 1,590 shares during the period. Pier 88 Investment Partners LLC's holdings in HubSpot were worth $1,617,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the 3rd quarter worth about $25,000. Larson Financial Group LLC boosted its holdings 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 last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after buying an additional 19 shares during the period. Bank of Jackson Hole Trust acquired a new position in HubSpot in the fourth quarter valued at $35,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in HubSpot during the fourth quarter valued at about $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Price Performance

NYSE:HUBS traded down $29.63 during trading hours on Friday, reaching $498.16. The company's stock had a trading volume of 576,875 shares, compared to its average volume of 612,536. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The business's 50-day moving average is $692.86 and its 200-day moving average is $659.92. The company has a market cap of $25.98 billion, a price-to-earnings ratio of 5,533.63, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

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HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. On average, sell-side analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

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 filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,382 shares of company stock valued at $13,415,657 in the last quarter. Insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Truist Financial reaffirmed a "buy" rating and set a $900.00 price target (up from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Macquarie started coverage on HubSpot in a research note on Monday, March 24th. They set an "outperform" rating and a $730.00 price objective on the stock. TD Cowen lowered HubSpot from a "buy" rating to a "hold" rating and increased their target price for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Finally, William Blair reissued an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and an average target price of $848.58.

HubSpot 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.