Highview Capital Management LLC DE Grows Position in HubSpot, Inc. (NYSE:HUBS)

Highview Capital Management LLC DE increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,011 shares of the software maker’s stock after acquiring an additional 129 shares during the quarter. Highview Capital Management LLC DE’s holdings in HubSpot were worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP increased its stake in HubSpot by 52.2% during the 3rd 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. Geode Capital Management LLC boosted its stake 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 purchasing an additional 19,974 shares during the last quarter. Massachusetts Financial Services Co. MA increased 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 worth $303,689,000 after purchasing an additional 86,688 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of HubSpot by 8.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock worth $280,186,000 after purchasing an additional 40,138 shares during the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of HubSpot by 17.5% during the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after purchasing an additional 47,736 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

HUBS stock opened at $812.44 on Monday. The firm has a fifty day moving average price of $735.53 and a 200 day moving average price of $622.22. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS) last posted its 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 negative return on equity of 1.16% and a negative net margin of 0.56%. As a group, research analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of research reports. BMO Capital Markets boosted their target price on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company increased their price objective on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research note on Thursday. Stifel Nicolaus raised their price objective on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Scotiabank lifted their price target on shares of HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research note on Thursday. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the company’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 $1,260,055.64. Following the transaction, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,112 shares of company stock worth $51,432,627. Company insiders own 4.50% of the company’s stock.

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.