Valliance Asset Management Ltd Buys New Position in HubSpot, Inc. (NYSE:HUBS)

Valliance Asset Management Ltd bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,500 shares of the software maker's stock, valued at approximately $1,045,000. HubSpot makes up about 1.9% of Valliance Asset Management Ltd's holdings, making the stock its 13th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB purchased a new position in HubSpot in the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its position 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 buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of HubSpot in the fourth quarter worth about $35,000. HM Payson & Co. boosted its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after acquiring an additional 18 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in HubSpot during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares of the company's stock, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 115 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares of the company's stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock valued at $35,878,612 in the last quarter. Corporate insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HUBS shares. Mizuho raised their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their price objective on HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. 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. Raymond James lifted their price target on HubSpot from $750.00 to $980.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Five equities 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $863.96.

HubSpot Price Performance

Shares of HUBS stock traded up $4.43 during trading on Wednesday, reaching $724.53. The company's stock had a trading volume of 463,144 shares, compared to its average volume of 505,187. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock's 50-day moving average price is $739.03 and its 200 day moving average price is $637.48. The company has a market capitalization of $37.79 billion, a price-to-earnings ratio of 8,051.25, a P/E/G ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.