Slow Capital Inc. Raises Stake in HubSpot, Inc. (NYSE:HUBS)

Slow Capital Inc. boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 91.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,078 shares of the software maker's stock after acquiring an additional 2,910 shares during the period. Slow Capital Inc.'s holdings in HubSpot were worth $4,235,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the third quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. HM Payson & Co. boosted its stake in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of HubSpot during the fourth quarter worth $50,000. Finally, Crewe Advisors LLC raised its position in shares of HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after buying an additional 28 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Kathryn Bueker sold 1,796 shares of the company's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares of the company's stock, valued at $27,053,310.40. This represents a 4.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock worth $54,900,427 in the last 90 days. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Up 1.0 %

HUBS stock traded up $7.53 during midday trading on Friday, hitting $779.52. The company's stock had a trading volume of 514,757 shares, compared to its average volume of 442,149. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $811.79. The firm has a 50-day simple moving average of $723.66 and a 200-day simple moving average of $598.32. The firm has a market capitalization of $40.24 billion, a P/E ratio of -2,887.02, a PEG ratio of 43.22 and a beta of 1.70.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analysts' expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) EPS. On average, sell-side analysts expect that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HUBS has been the subject of several research reports. Oppenheimer upped their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Truist Financial reiterated a "buy" rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Scotiabank boosted their price objective on HubSpot from $700.00 to $825.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, January 8th. Evercore ISI raised their target price on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Finally, Mizuho boosted their price target on shares of HubSpot from $725.00 to $775.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $724.52.

HubSpot Company 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.