Murphy & Mullick Capital Management Corp Buys New Stake in HubSpot, Inc. (NYSE:HUBS)

Murphy & Mullick Capital Management Corp purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 52 shares of the software maker’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot in the third quarter worth about $25,000. Larson Financial Group LLC raised its position in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the period. Bank of Jackson Hole Trust purchased a new stake in HubSpot in the 4th quarter worth approximately $35,000. Finally, Friedenthal Financial acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $50,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Down 2.5 %

Shares of HUBS opened at $593.32 on Friday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock has a fifty day simple moving average of $707.81 and a two-hundred day simple moving average of $657.24. The company has a market capitalization of $30.94 billion, a PE ratio of 6,593.13, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last released 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%. As a group, equities analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the 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 transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,853 shares of company stock worth $15,453,396 in the last 90 days. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Stephens started coverage on shares of HubSpot in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 target price for the company. Royal Bank of Canada upped their price objective on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Oppenheimer raised their target price on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus upped their price target on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group raised their price objective on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given 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.