Slow Capital Inc. Increases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Slow Capital Inc. increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 1.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,301 shares of the software maker’s stock after acquiring an additional 71 shares during the period. Slow Capital Inc.’s holdings in HubSpot were worth $3,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after purchasing an additional 47 shares during the last quarter. Quarry LP raised its stake in HubSpot by 333.3% in the 1st quarter. Quarry LP now owns 91 shares of the software maker’s stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Alta Advisers Ltd acquired a new position in HubSpot in the 3rd quarter valued at $49,000. KB Financial Partners LLC acquired a new position in HubSpot in the 1st quarter valued at $49,000. Finally, Hazlett Burt & Watson Inc. raised its stake in HubSpot by 29.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HUBS. Truist Financial increased their price objective on HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. TheStreet raised HubSpot from a “d+” rating to a “c-” rating in a research note on Thursday, January 4th. Canaccord Genuity Group raised their target price on HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Barclays raised their target price on HubSpot from $475.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Evercore ISI raised their target price on HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $642.36.

Insider Activity

In other news, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the transaction, the chief executive officer now owns 88,977 shares in the company, valued at approximately $55,165,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Dawson Alyssa Harvey sold 1,086 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the sale, the insider now owns 7,783 shares in the company, valued at $4,811,839.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 8,817 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the sale, the chief executive officer now owns 88,977 shares of the company’s stock, valued at approximately $55,165,740. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,862 shares of company stock worth $8,604,961. 4.90% of the stock is currently owned by company insiders.

HubSpot Trading Down 0.6 %

HubSpot stock traded down $3.78 during midday trading on Wednesday, reaching $633.85. 364,173 shares of the stock traded hands, compared to its average volume of 595,674. The company has a 50-day simple moving average of $624.52 and a two-hundred day simple moving average of $550.72. HubSpot, Inc. has a 12-month low of $399.48 and a 12-month high of $693.85. The firm has a market cap of $32.12 billion, a PE ratio of -178.55 and a beta of 1.58. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. The company had revenue of $581.91 million during the quarter, compared to analysts’ expectations of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. Research analysts expect that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal 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.