Valliance Asset Management Ltd Buys Shares of 1,500 HubSpot, Inc. (NYSE:HUBS)

Valliance Asset Management Ltd bought a new stake in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,500 shares of the software maker’s stock, valued at approximately $1,045,000. HubSpot makes up approximately 1.9% of Valliance Asset Management Ltd’s holdings, making the stock its 13th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its holdings in 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 buying an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot in the third quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $35,000. HM Payson & Co. grew its position 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, Friedenthal Financial acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $50,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,112 shares of company stock worth $35,878,612. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Trading Down 2.9 %

NYSE:HUBS opened at $726.43 on Friday. The firm has a market capitalization of $37.88 billion, a price-to-earnings ratio of 8,072.32, a PEG ratio of 41.44 and a beta of 1.72. The firm’s fifty day simple moving average is $739.92 and its 200 day simple moving average is $632.79. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate 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, analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

HUBS has been the topic of several research reports. StockNews.com upgraded shares of HubSpot from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Mizuho increased their price target on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets raised their target price on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada raised their target price on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

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.