Simplicity Solutions LLC Acquires 35 Shares of HubSpot, Inc. (NYSE:HUBS)

Simplicity Solutions LLC grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 724 shares of the software maker’s stock after purchasing an additional 35 shares during the period. Simplicity Solutions LLC’s holdings in HubSpot were worth $420,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its position in HubSpot by 335.7% during the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after purchasing an additional 47 shares during the period. Quarry LP boosted its stake in shares of HubSpot by 333.3% in the 1st quarter. Quarry LP now owns 91 shares of the software maker’s stock worth $39,000 after buying an additional 70 shares during the last quarter. Alta Advisers Ltd bought a new stake in shares of HubSpot in the third quarter worth $49,000. KB Financial Partners LLC purchased a new stake in HubSpot during the first quarter valued at $49,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in HubSpot by 29.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after acquiring an additional 21 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 2.8 %

Shares of HUBS opened at $631.64 on Friday. HubSpot, Inc. has a fifty-two week low of $399.48 and a fifty-two week high of $693.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The company’s fifty day moving average is $625.12 and its 200 day moving average is $552.93. The stock has a market capitalization of $32.01 billion, a PE ratio of -177.93 and a beta of 1.58.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The firm had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. Sell-side analysts expect that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $634.21, for a total value of $73,568.36. Following the completion of the transaction, the chief executive officer now owns 88,861 shares in the company, valued at approximately $56,356,534.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Yamini Rangan sold 116 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $634.21, for a total value of $73,568.36. Following the sale, the chief executive officer now owns 88,861 shares of the company’s stock, valued at $56,356,534.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. Insiders have sold a total of 22,362 shares of company stock worth $14,012,491 over the last ninety days. Company insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Needham & Company LLC boosted their price target on HubSpot from $630.00 to $730.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. The Goldman Sachs Group increased their price target on shares of HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. TheStreet upgraded shares of HubSpot from a “d+” rating to a “c-” rating in a research note on Thursday, January 4th. BMO Capital Markets upped their price objective on HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Finally, UBS Group reiterated a “neutral” rating and set a $525.00 target price on shares of HubSpot in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $642.36.

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.