Nicholas Investment Partners LP Acquires 851 Shares of HubSpot, Inc. (NYSE:HUBS)

Nicholas Investment Partners LP raised its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 108.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,635 shares of the software maker’s stock after purchasing an additional 851 shares during the period. Nicholas Investment Partners LP’s holdings in HubSpot were worth $1,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Larson Financial Group LLC increased its position in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after buying an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in HubSpot in the 4th quarter worth about $35,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

HUBS has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on shares of HubSpot from $885.00 to $745.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Redburn Atlantic initiated coverage on HubSpot in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock. William Blair restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Stifel Nicolaus set a $750.00 target price on HubSpot in a research report on Friday, April 25th. Finally, Royal Bank of Canada raised their target price on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $767.33.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the sale, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 680 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the sale, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,562 shares of company stock worth $18,401,757 over the last ninety days. Company insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of HUBS opened at $668.01 on Thursday. The stock has a market capitalization of $35.16 billion, a price-to-earnings ratio of 7,423.16, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The business’s 50 day simple moving average is $585.20 and its 200-day simple moving average is $668.97. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last released 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, sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.