HubSpot, Inc. (NYSE:HUBS) Shares Bought by Empire Life Investments Inc.

Empire Life Investments Inc. boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,196 shares of the software maker’s stock after buying an additional 2,596 shares during the quarter. Empire Life Investments Inc.’s holdings in HubSpot were worth $9,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. PUREfi Wealth LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $707,000. V Square Quantitative Management LLC grew its position in shares of HubSpot by 5.4% in the fourth quarter. V Square Quantitative Management LLC now owns 979 shares of the software maker’s stock valued at $682,000 after purchasing an additional 50 shares during the last quarter. Avestar Capital LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $226,000. Legato Capital Management LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $1,951,000. Finally, Certuity LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $227,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HUBS shares. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target on the stock in a research report on Thursday. Canaccord Genuity Group upped their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday. 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 research note on Thursday. Barclays upped their price objective on shares of HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Piper Sandler upped their price objective on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Stock Down 0.9 %

HUBS opened at $812.44 on Friday. The company has a fifty day simple moving average of $734.12 and a 200 day simple moving average of $619.11. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. Equities research analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,112 shares of company stock valued at $51,432,627. Corporate insiders own 4.50% of the company’s stock.

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.