Wick Capital Partners LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 19,451 shares of the software maker’s stock, valued at approximately $7,806,000. HubSpot comprises 0.6% of Wick Capital Partners LLC’s investment portfolio, making the stock its 25th largest position.
Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in HubSpot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 971,712 shares of the software maker’s stock valued at $388,917,000 after purchasing an additional 14,159 shares in the last quarter. OFI Invest Asset Management grew its stake in HubSpot by 130.2% during the fourth quarter. OFI Invest Asset Management now owns 99,622 shares of the software maker’s stock worth $39,978,000 after buying an additional 56,348 shares in the last quarter. Slow Capital Inc. grew its stake in HubSpot by 35.9% during the fourth quarter. Slow Capital Inc. now owns 18,615 shares of the software maker’s stock worth $7,470,000 after buying an additional 4,913 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in HubSpot by 65.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,583 shares of the software maker’s stock valued at $17,891,000 after buying an additional 17,713 shares during the period. Finally, Havemeyer Place LP bought a new position in HubSpot in the 4th quarter valued at about $2,044,000. Institutional investors and hedge funds own 90.39% of the company’s stock.
HubSpot Stock Down 0.4%
NYSE HUBS opened at $176.04 on Friday. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 92.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21. HubSpot, Inc. has a twelve month low of $171.65 and a twelve month high of $568.16. The business’s fifty day moving average is $209.33 and its 200 day moving average is $272.06.
Insider Buying and Selling
In other news, insider Erika Ashley Fisher sold 915 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $236.66, for a total value of $216,543.90. Following the completion of the transaction, the insider owned 16,270 shares of the company’s stock, valued at $3,850,458.20. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Yamini Rangan acquired 2,750 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $189.84 per share, with a total value of $522,060.00. Following the acquisition, the chief executive officer owned 102,982 shares in the company, valued at $19,550,102.88. The trade was a 2.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 14,063 shares of company stock valued at $2,585,781 and have sold 26,207 shares valued at $5,567,244. 3.70% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Evercore set a $225.00 price target on shares of HubSpot in a report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and issued a $250.00 price objective on shares of HubSpot in a research note on Friday, May 8th. Bank of America restated an “underperform” rating and set a $180.00 price objective (down from $300.00) on shares of HubSpot in a research report on Friday, May 8th. JPMorgan Chase & Co. cut their target price on HubSpot from $530.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Citigroup downgraded HubSpot from a “buy” rating to a “neutral” rating and reduced their target price for the company from $321.00 to $230.00 in a report on Friday, May 8th. Twenty-one investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $311.00.
View Our Latest Stock Analysis on HUBS
HubSpot Company Profile
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.
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