Quantessence Capital LLC Purchases New Stake in HubSpot, Inc. (NYSE:HUBS)

Quantessence Capital LLC acquired a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 562 shares of the software maker's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $25,000. Oddo BHF Asset Management Sas purchased a new position in shares of HubSpot during the 3rd quarter valued at $740,000. GAMMA Investing LLC lifted its position in shares of HubSpot by 16.9% during the 4th quarter. GAMMA Investing LLC now owns 221 shares of the software maker's stock valued at $154,000 after buying an additional 32 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of HubSpot during the 4th quarter worth $1,010,000. Finally, Nordea Investment Management AB increased its holdings in 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 acquiring an additional 306 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Performance

HUBS stock opened at $542.39 on Wednesday. The company has a market capitalization of $28.29 billion, a PE ratio of 6,027.25, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The company's 50 day moving average price is $617.02 and its two-hundred day moving average price is $660.16.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HUBS. The Goldman Sachs Group increased their target price on shares of HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Scotiabank boosted their target price on shares of HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a report on Thursday, February 13th. Piper Sandler raised their price target on HubSpot from $640.00 to $808.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Canaccord Genuity Group boosted their price objective on HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley cut their target price on HubSpot from $898.00 to $659.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $804.78.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the sale, the insider now owns 525,687 shares in the company, valued at approximately $283,135,018.20. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,882 shares of company stock valued at $17,993,757. Insiders own 4.50% of the company's stock.

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.

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