HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in HubSpot, Inc. (NYSE:HUBS) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,931 shares of the software maker’s stock after purchasing an additional 311 shares during the period. Victory Capital Management Inc.’s holdings in HubSpot were worth $17,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in HUBS. Wellington Management Group LLP raised its holdings in HubSpot by 52.2% in 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 acquiring an additional 480,796 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of HubSpot in the 4th quarter valued at $79,135,000. Massachusetts Financial Services Co. MA raised its holdings in shares of HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after purchasing an additional 86,688 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of HubSpot by 87.7% during the 4th quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker’s stock worth $74,136,000 after purchasing an additional 49,700 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of HubSpot by 191.6% during the third quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock worth $38,754,000 after purchasing an additional 47,900 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 0.7 %

Shares of HUBS opened at $590.65 on Wednesday. The stock’s 50 day moving average is $731.14 and its two-hundred day moving average is $650.26. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The firm has a market capitalization of $30.80 billion, a PE ratio of 6,563.51, a P/E/G ratio of 41.44 and a beta of 1.80.

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

Analysts Set New Price Targets

A number of research firms have weighed in on HUBS. JPMorgan Chase & Co. raised their price target on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Royal Bank of Canada boosted their target price on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. BMO Capital Markets upped their price target on HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Finally, Needham & Company LLC upped their target price on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $863.96.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the sale, the insider now directly owns 513,698 shares in the company, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,997 shares of company stock worth $35,796,526. Corporate 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.