Quantbot Technologies LP Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Quantbot Technologies LP acquired a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 515 shares of the software maker's stock, valued at approximately $359,000.

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

HubSpot Stock Up 1.3 %

NYSE:HUBS traded up $7.84 on Wednesday, reaching $589.86. The company's stock had a trading volume of 116,989 shares, compared to its average volume of 608,829. The firm has a market cap of $30.76 billion, a price-to-earnings ratio of 6,538.67, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a 50 day moving average price of $699.84 and a 200 day moving average price of $661.33.

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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 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 expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the business's stock in a transaction on Friday, January 3rd. The shares were 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 owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,853 shares of company stock worth $15,453,396 in the last three months. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HUBS shares. Piper Sandler boosted their target price on shares of HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Truist Financial reiterated a "buy" rating and issued a $900.00 price objective (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Sanford C. Bernstein started coverage on HubSpot in a research report on Thursday, March 20th. They set a "market perform" rating and a $693.00 target price on the stock. StockNews.com cut HubSpot from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, TD Cowen lowered HubSpot from a "buy" rating to a "hold" rating and raised their price objective for the company from $680.00 to $725.00 in a report on Friday, January 17th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and an average price target of $848.58.

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.