Accredited Investors Inc. Boosts Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Accredited Investors Inc. lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 26.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 598 shares of the software maker’s stock after buying an additional 125 shares during the quarter. Accredited Investors Inc.’s holdings in HubSpot were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its position in shares of HubSpot by 4.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker’s stock valued at $10,323,000 after acquiring an additional 772 shares during the period. B.O.S.S. Retirement Advisors LLC bought a new position in HubSpot in the fourth quarter valued at $1,361,000. Geode Capital Management LLC boosted its position in HubSpot by 2.5% during the 3rd 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 in the last quarter. Oak Harvest Investment Services purchased a new stake in HubSpot in the fourth quarter worth approximately $2,065,000. Finally, Donoghue Forlines LLC bought a new position in HubSpot during the fourth quarter valued at approximately $2,049,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HUBS opened at $522.17 on Thursday. The stock has a 50-day moving average of $661.97 and a 200-day moving average of $659.86. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a market cap of $27.23 billion, a PE ratio of 5,802.58, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data 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, research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The stock was 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 owns 524,751 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,382 shares of company stock worth $13,415,657 in the last quarter. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Redburn Atlantic began coverage on HubSpot in a research report on Wednesday, February 19th. They set a “buy” rating for the company. KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target on the stock in a research note on Thursday, February 13th. StockNews.com lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Bank of America lifted their price target on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Sanford C. Bernstein initiated coverage on shares of HubSpot in a report on Thursday, March 20th. They issued a “market perform” rating and a $693.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $848.58.

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.