HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Korea Investment CORP

Korea Investment CORP boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 6.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 49,011 shares of the software maker’s stock after acquiring an additional 3,020 shares during the period. Korea Investment CORP’s holdings in HubSpot were worth $34,149,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Melqart Asset Management UK Ltd increased its holdings in HubSpot by 15.2% in the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock worth $18,010,000 after acquiring an additional 4,468 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of HubSpot during the third quarter worth about $3,721,000. Bamco Inc. NY raised its position in shares of HubSpot by 19.6% during the 3rd quarter. Bamco Inc. NY now owns 37,926 shares of the software maker’s stock worth $20,161,000 after purchasing an additional 6,215 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in HubSpot by 4.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker’s stock worth $10,323,000 after buying an additional 772 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC purchased a new stake in HubSpot during the 4th quarter worth approximately $1,361,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Trading Down 2.0 %

Shares of NYSE:HUBS opened at $581.45 on Friday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The stock’s 50-day moving average price is $705.35 and its two-hundred day moving average price is $657.85. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 6,461.31, a PEG 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 (EPS) 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%. As a group, research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HUBS has been the subject of several recent research reports. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Morgan Stanley lifted their target price on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Macquarie assumed coverage on HubSpot in a report on Monday, March 24th. They set an “outperform” rating and a $730.00 price target for the company. JPMorgan Chase & Co. upped their price target on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group upped their price target on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares in the company, valued at $27,053,310.40. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,853 shares of company stock valued at $15,453,396 in the last quarter. Company insiders own 4.50% of the company’s stock.

HubSpot 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.