462 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 462 shares of the software maker's stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HUBS. HM Payson & Co. increased its position in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of HubSpot by 73.1% in 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 during the period. Pallas Capital Advisors LLC boosted its stake in shares of HubSpot by 1.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker's stock worth $798,000 after purchasing an additional 21 shares during the period. Ballentine Partners LLC boosted its stake in shares of HubSpot by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker's stock worth $393,000 after purchasing an additional 25 shares during the period. Finally, Motley Fool Asset Management LLC raised its position in HubSpot by 2.6% in the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker's stock worth $541,000 after purchasing an additional 26 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group lowered HubSpot from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 17th. Evercore ISI upped their price objective on HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. Needham & Company LLC reiterated a "buy" rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of HubSpot from $750.00 to $825.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Finally, BMO Capital Markets raised their price target on shares of HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and an average price target of $724.52.

HubSpot Stock Performance

Shares of HUBS traded down $5.67 during midday trading on Thursday, hitting $772.12. 571,552 shares of the stock were exchanged, compared to its average volume of 438,655. The stock has a fifty day simple moving average of $722.58 and a 200 day simple moving average of $597.11. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $811.79. The firm has a market cap of $39.86 billion, a P/E ratio of -2,859.61, a P/E/G ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share. As a group, equities research analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now directly owns 1,323,145 shares of the company's stock, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is currently owned by company insiders.

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.