Thoroughbred Financial Services LLC Acquires New Stake in HubSpot, Inc. (NYSE:HUBS)

Thoroughbred Financial Services LLC bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 292 shares of the software maker’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the third quarter worth $25,000. Larson Financial Group LLC increased its stake in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of HubSpot during the 4th quarter worth about $35,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of HubSpot in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,382 shares of company stock valued at $13,415,657 over the last 90 days. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on HUBS shares. Macquarie began coverage on HubSpot in a report on Monday, March 24th. They set an “outperform” rating and a $730.00 target price on the stock. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and upped their price objective for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Wells Fargo & Company raised their target price on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Morgan Stanley boosted their target price on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Sanford C. Bernstein assumed coverage on shares of HubSpot in a research note on Thursday, March 20th. They issued a “market perform” rating and a $693.00 price target for the company. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Stock Performance

HUBS stock opened at $496.44 on Tuesday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The company’s 50-day simple moving average is $683.08 and its 200 day simple moving average is $662.00. The company has a market capitalization of $25.89 billion, a PE ratio of 5,516.57, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last announced its earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. On average, analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current 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.