Quantessence Capital LLC Takes Position in HubSpot, Inc. (NYSE:HUBS)

Quantessence Capital LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, Holdings Channel.com reports. The fund purchased 562 shares of the software maker’s stock, valued at approximately $392,000.

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot in the 3rd quarter worth about $25,000. Larson Financial Group LLC lifted its holdings in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in HubSpot by 73.1% during the 4th 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 in the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after acquiring an additional 32 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in shares of HubSpot in the 4th quarter worth approximately $35,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of HUBS opened at $542.39 on Wednesday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The business has a fifty day moving average of $617.02 and a 200 day moving average of $660.16. The firm has a market capitalization of $28.29 billion, a P/E ratio of 6,027.25, a PEG ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,882 shares of company stock valued at $17,993,757. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of several research reports. Scotiabank lifted their price target on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 13th. Canaccord Genuity Group upped their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Citigroup lifted their price target on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. UBS Group raised shares of HubSpot from a “neutral” rating to a “buy” rating and decreased their target price for the company from $775.00 to $675.00 in a research note on Tuesday, April 15th. Finally, Stephens initiated coverage on HubSpot in a research report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $804.78.

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.