Y Intercept Hong Kong Ltd Purchases New Stake in HubSpot, Inc. (NYSE:HUBS)

Y Intercept Hong Kong Ltd acquired a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,474 shares of the software maker's stock, valued at approximately $3,814,000.

A number of other institutional investors have also made changes to their positions in HUBS. First Horizon Advisors Inc. raised its position in HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Avitas Wealth Management LLC raised its position in HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock worth $1,420,000 after acquiring an additional 17 shares in the last quarter. Principal Securities Inc. raised its position in HubSpot by 17.2% during the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock worth $81,000 after acquiring an additional 17 shares in the last quarter. HM Payson & Co. increased its holdings in shares of HubSpot by 36.0% in the third 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. Finally, MassMutual Private Wealth & Trust FSB increased its holdings 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 purchasing an additional 19 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on HUBS. BMO Capital Markets upped their price objective on shares of HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Wells Fargo & Company upped their price objective on shares of HubSpot from $835.00 to $940.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. The Goldman Sachs Group upped their price objective on shares of HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Truist Financial reiterated a "buy" rating and issued a $900.00 price objective (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Finally, Bank of America upped their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a report on Monday, December 16th. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, HubSpot currently has an average rating of "Moderate Buy" and a consensus target price of $863.96.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 115 shares of the firm'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 transaction of $82,085.85. Following the transaction, 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 sold a total of 48,112 shares of company stock worth $35,878,612 in the last quarter. 4.50% of the stock is owned by insiders.

HubSpot Stock Down 1.6 %

Shares of HUBS stock traded down $11.74 on Thursday, reaching $712.63. The company had a trading volume of 404,534 shares, compared to its average volume of 502,540. The business's 50-day moving average is $739.38 and its 200 day moving average is $638.09. The stock has a market capitalization of $37.17 billion, a PE ratio of 7,919.00, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot 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.