Raymond James Financial Inc. Invests $157.02 Million in HubSpot, Inc. (NYSE:HUBS)

Raymond James Financial Inc. purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 225,353 shares of the software maker's stock, valued at approximately $157,019,000. Raymond James Financial Inc. owned about 0.44% of HubSpot at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock worth $745,410,000 after buying an additional 480,796 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in HubSpot during the fourth quarter worth approximately $79,135,000. Massachusetts Financial Services Co. MA lifted its position in HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock worth $303,689,000 after buying an additional 86,688 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in HubSpot by 49.5% during the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker's stock worth $110,489,000 after buying an additional 68,827 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in HubSpot by 87.7% during the fourth quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker's stock worth $74,136,000 after buying an additional 49,700 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

HUBS has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Citigroup lifted their target price on HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 target price on the stock in a research report on Thursday, February 13th. Barclays restated an "equal weight" rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their target price on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $863.96.

Insider Activity at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,272,077 shares of the company's stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 54,079 shares of the company's stock, 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 valued at $35,796,526 in the last three months. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Performance

Shares of NYSE:HUBS traded down $11.23 on Friday, hitting $640.87. 771,409 shares of the company's stock were exchanged, compared to its average volume of 523,221. The firm's 50-day moving average is $735.56 and its 200 day moving average is $647.95. The company has a market capitalization of $33.42 billion, a PE ratio of 7,121.52, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

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 (EPS) 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, analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.