385 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Peterson Wealth Services

Peterson Wealth Services bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, HoldingsChannel reports. The firm bought 385 shares of the software maker’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. raised its stake in HubSpot by 11.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,282 shares of the software maker’s stock valued at $631,000 after purchasing an additional 127 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in HubSpot in the 4th quarter worth about $2,312,000. Pathstone Family Office LLC purchased a new position in HubSpot in the 3rd quarter worth about $677,000. JPMorgan Chase & Co. grew its holdings in HubSpot by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after acquiring an additional 166,381 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in HubSpot by 118.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 58,409 shares of the software maker’s stock worth $33,909,000 after acquiring an additional 31,688 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 3.7 %

HUBS traded up $23.22 on Thursday, hitting $656.67. The company had a trading volume of 226,476 shares, compared to its average volume of 475,606. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The firm has a market cap of $33.27 billion, a P/E ratio of -178.59 and a beta of 1.58. The company’s fifty day moving average price is $625.00 and its 200 day moving average price is $551.30. HubSpot, Inc. has a 1 year low of $399.48 and a 1 year high of $693.85.

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

Wall Street Analyst Weigh In

HUBS has been the topic of a number of recent analyst reports. UBS Group restated a “neutral” rating and issued a $525.00 price target on shares of HubSpot in a report on Thursday, February 15th. The Goldman Sachs Group raised their price target on shares of HubSpot from $577.00 to $656.00 and gave the company a “buy” rating in a report on Thursday, February 15th. TheStreet raised shares of HubSpot from a “d+” rating to a “c-” rating in a research report on Thursday, January 4th. Royal Bank of Canada increased their price objective on shares of HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, Needham & Company LLC increased their price objective on shares of HubSpot from $630.00 to $730.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $642.36.

Insider Activity at HubSpot

In other news, insider Dawson Alyssa Harvey sold 969 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the sale, the insider now directly owns 7,225 shares of the company’s stock, valued at $4,407,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Yamini Rangan sold 2,874 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the sale, the chief executive officer now owns 74,784 shares of the company’s stock, valued at $46,898,542.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 969 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the sale, the insider now directly owns 7,225 shares in the company, valued at approximately $4,407,250. The disclosure for this sale can be found here. Insiders sold 13,862 shares of company stock valued at $8,604,961 over the last three months. 4.90% of the stock is owned by corporate insiders.

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.