Harvest Fund Management Co. Ltd Buys 1,835 Shares of HubSpot, Inc. (NYSE:HUBS)

Harvest Fund Management Co. Ltd boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 6,327.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,864 shares of the software maker’s stock after purchasing an additional 1,835 shares during the period. Harvest Fund Management Co. Ltd’s holdings in HubSpot were worth $1,298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of HubSpot during the 4th quarter valued at $157,019,000. Wealthfront Advisers LLC lifted its stake in shares of HubSpot by 3,090.2% during the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after buying an additional 129,357 shares in the last quarter. Proficio Capital Partners LLC bought a new position in HubSpot in the 4th quarter worth $79,135,000. Finally, Massachusetts Financial Services Co. MA increased its stake in HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after buying an additional 86,688 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Up 1.2 %

HUBS stock opened at $603.92 on Thursday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a market capitalization of $31.50 billion, a price-to-earnings ratio of 6,710.96, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The firm’s fifty day simple moving average is $719.54 and its two-hundred day simple moving average is $653.69.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. As a group, equities research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Citigroup upped their price target on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Redburn Atlantic started coverage on shares of HubSpot in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Finally, Needham & Company LLC boosted their price target on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $860.00.

Insider Activity

In other 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 transaction of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the transaction, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,997 shares of company stock valued at $16,260,831. 4.50% of the stock is currently owned by 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.