Empowered Funds LLC Boosts Position in HubSpot, Inc. (NYSE:HUBS)

Empowered Funds LLC lifted its position in HubSpot, Inc. (NYSE:HUBS) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 833 shares of the software maker’s stock after purchasing an additional 25 shares during the quarter. Empowered Funds LLC’s holdings in HubSpot were worth $580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Apollon Wealth Management LLC purchased a new stake in shares of HubSpot in the 4th quarter valued at approximately $268,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in HubSpot by 10.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,411 shares of the software maker’s stock valued at $3,073,000 after acquiring an additional 411 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in HubSpot by 23.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,823 shares of the software maker’s stock worth $5,499,000 after acquiring an additional 1,489 shares during the period. Avitas Wealth Management LLC increased its stake in HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after acquiring an additional 17 shares during the last quarter. Finally, E. Ohman J or Asset Management AB raised its position in HubSpot by 13.0% in the fourth quarter. E. Ohman J or Asset Management AB now owns 2,260 shares of the software maker’s stock valued at $1,575,000 after purchasing an additional 260 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

HubSpot stock opened at $802.76 on Wednesday. The stock has a market cap of $41.44 billion, a PE ratio of -2,973.09, a P/E/G ratio of 43.94 and a beta of 1.72. The stock’s fifty day moving average is $737.03 and its two-hundred day moving average is $625.43. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last issued 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 negative return on equity of 1.16% and a negative net margin of 0.56%. On average, research analysts expect that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Bank of America increased their price target on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Jefferies Financial Group lifted their price target on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Oppenheimer upped their price objective on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Finally, Truist Financial restated a “buy” rating and set a $900.00 price target (up from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

Insider Activity at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,612 shares of company stock valued at $28,993,612 in the last ninety days. Insiders own 4.50% of the company’s stock.

About HubSpot

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.