J.Safra Asset Management Corp Has $173,000 Position in HubSpot, Inc. (NYSE:HUBS)

J.Safra Asset Management Corp increased its position in HubSpot, Inc. (NYSE:HUBS) by 72.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 248 shares of the software maker’s stock after acquiring an additional 104 shares during the quarter. J.Safra Asset Management Corp’s holdings in HubSpot were worth $173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE grew its position in shares of HubSpot by 17.2% during the 3rd quarter. US Bancorp DE now owns 2,421 shares of the software maker’s stock worth $1,287,000 after buying an additional 356 shares during the period. Kornitzer Capital Management Inc. KS grew its position in shares of HubSpot by 93.3% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 15,175 shares of the software maker’s stock worth $8,067,000 after buying an additional 7,325 shares during the period. Summit Global Investments grew its position in shares of HubSpot by 7.5% during the 3rd quarter. Summit Global Investments now owns 1,258 shares of the software maker’s stock worth $669,000 after buying an additional 88 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of HubSpot during the 3rd quarter worth approximately $112,000. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of HubSpot by 49.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock worth $110,489,000 after purchasing an additional 68,827 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Up 1.5 %

HUBS stock opened at $697.13 on Thursday. The firm has a market capitalization of $36.36 billion, a PE ratio of 7,746.74, a PEG ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a 50-day simple moving average of $738.38 and a two-hundred day simple moving average of $645.80.

HubSpot (NYSE:HUBS) last issued 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%. On average, equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, CEO Yamini Rangan sold 3,057 shares of the business’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 value of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at $374,819,745.70. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,997 shares of company stock worth $35,796,526. 4.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Mizuho increased their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Oppenheimer increased their target price on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Truist Financial reiterated a “buy” rating and issued a $900.00 target price (up from $750.00) on shares of HubSpot in a report on Thursday, February 13th. KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a report on Thursday, February 13th. Finally, Canaccord Genuity Group increased their target price on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

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.