1,500 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by Sheets Smith Investment Management

Sheets Smith Investment Management acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,500 shares of the software maker's stock, valued at approximately $1,045,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot in the 3rd quarter worth about $25,000. Larson Financial Group LLC increased its stake in shares of HubSpot by 168.8% during the fourth 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after acquiring an additional 19 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of HubSpot in the 4th quarter worth about $35,000. Finally, Friedenthal Financial bought a new position in HubSpot in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

HUBS has been the subject of several recent analyst reports. Oppenheimer lifted their target price on shares of HubSpot from $850.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. BMO Capital Markets increased their price target on HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Mizuho lifted their price objective on HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. The Goldman Sachs Group increased their target price on HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group raised their target price on HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $848.58.

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Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares of the company's stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares of the company's stock, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,853 shares of company stock worth $15,453,396. Insiders own 4.50% of the company's stock.

HubSpot Price Performance

Shares of HubSpot stock traded down $11.96 during trading on Friday, reaching $581.45. 641,595 shares of the stock traded hands, compared to its average volume of 611,086. The company has a market capitalization of $30.32 billion, a price-to-earnings ratio of 6,461.31, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The business has a fifty day simple moving average of $705.35 and a two-hundred day simple moving average of $657.85.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly 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 net margin of 0.17% and a negative return on equity of 0.07%. On average, research analysts predict that HubSpot, Inc. will post 1.01 earnings per share 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.