K.J. Harrison & Partners Inc Purchases New Stake in HubSpot, Inc. (NYSE:HUBS)

K.J. Harrison & Partners Inc acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,520 shares of the software maker’s stock, valued at approximately $5,527,000.

Other large investors also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. lifted its holdings in HubSpot by 11.0% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,282 shares of the software maker’s stock valued at $631,000 after acquiring an additional 127 shares during the last quarter. Strs Ohio increased its position in shares of HubSpot by 1,203.0% during the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock worth $11,611,000 after purchasing an additional 18,466 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in HubSpot in the 4th quarter valued at about $2,312,000. Pathstone Family Office LLC acquired a new position in HubSpot in the third quarter valued at about $677,000. Finally, JPMorgan Chase & Co. boosted its stake in HubSpot by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after buying an additional 166,381 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Price Performance

HUBS stock traded down $4.76 during trading on Friday, hitting $631.34. The company had a trading volume of 591,062 shares, compared to its average volume of 490,027. The firm has a market capitalization of $31.99 billion, a price-to-earnings ratio of -177.84 and a beta of 1.58. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $627.73 and a 200 day moving average of $558.66. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly 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 company had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. As a group, research analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Barclays boosted their price objective on HubSpot from $475.00 to $600.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Scotiabank raised their target price on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a report on Friday, April 5th. The Goldman Sachs Group boosted their price target on shares of HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Wells Fargo & Company raised their price objective on shares of HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $642.36.

Insider Buying and Selling at HubSpot

In related news, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $610.00, for a total transaction of $591,090.00. Following the transaction, the insider now directly owns 7,225 shares of the company’s stock, valued at $4,407,250. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the transaction, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dawson Alyssa Harvey sold 969 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the sale, the insider now owns 7,225 shares of the company’s stock, valued at approximately $4,407,250. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,362 shares of company stock valued at $14,012,491. 4.90% of the stock is owned by corporate insiders.

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.