Hel Ved Capital Management Ltd Buys 3,060 Shares of HubSpot, Inc. (NYSE:HUBS)

Hel Ved Capital Management Ltd grew its stake in HubSpot, Inc. (NYSE:HUBS) by 172.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,835 shares of the software maker’s stock after purchasing an additional 3,060 shares during the period. Hel Ved Capital Management Ltd’s holdings in HubSpot were worth $3,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HUBS. Nomura Asset Management Co. Ltd. boosted its stake in HubSpot by 4.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker’s stock worth $10,323,000 after buying an additional 772 shares in the last quarter. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of HubSpot during the 4th quarter valued at about $1,361,000. Geode Capital Management LLC increased its stake in HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after acquiring an additional 19,974 shares during the period. Oak Harvest Investment Services bought a new position in HubSpot during the fourth quarter worth about $2,065,000. Finally, Donoghue Forlines LLC acquired a new stake in HubSpot during the fourth quarter valued at approximately $2,049,000. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares of the company’s stock, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,382 shares of company stock valued at $13,415,657. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HUBS shares. JPMorgan Chase & Co. raised their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Royal Bank of Canada boosted their target price on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Jefferies Financial Group upped their target price on shares of HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Scotiabank lifted their price target on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Finally, Needham & Company LLC upped their price objective 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. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Stock Down 5.1 %

HUBS opened at $500.79 on Friday. The stock has a market cap of $26.12 billion, a P/E ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The company has a fifty day simple moving average of $688.31 and a 200 day simple moving average of $659.95.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.