K.J. Harrison & Partners Inc Makes New $5.53 Million Investment in HubSpot, Inc. (NYSE:HUBS)

K.J. Harrison & Partners Inc bought a new stake in shares of HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,520 shares of the software maker’s stock, valued at approximately $5,527,000.

Several other large investors also recently modified their holdings of the stock. Rakuten Securities Inc. acquired a new position in shares of HubSpot in the 4th quarter valued at approximately $29,000. Venturi Wealth Management LLC boosted its holdings in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after acquiring an additional 47 shares in the last quarter. Larson Financial Group LLC raised its holdings in HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after buying an additional 69 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in HubSpot by 29.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after buying an additional 21 shares during the period. Finally, Alta Advisers Ltd bought a new position in HubSpot during the 3rd quarter worth approximately $49,000. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

NYSE HUBS traded down $4.76 on Friday, hitting $631.34. 591,062 shares of the stock traded hands, compared to its average volume of 490,027. The business’s fifty day moving average is $627.73 and its two-hundred day moving average is $558.66. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month 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 firm has a market capitalization of $31.99 billion, a price-to-earnings ratio of -177.84 and a beta of 1.58.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $557.48 million. As a group, equities analysts anticipate that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HUBS. The Goldman Sachs Group increased their price target on HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. increased their price objective on shares of HubSpot from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. Stifel Nicolaus raised their price objective on HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, KeyCorp initiated coverage on HubSpot in a research report on Thursday, March 21st. They set an “underweight” rating and a $520.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.36.

Insider Activity at HubSpot

In other news, 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 approximately $334,656,763.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Yamini Rangan sold 8,817 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the transaction, the chief executive officer now owns 88,977 shares of the company’s stock, valued at $55,165,740. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,362 shares of company stock worth $14,012,491. Corporate insiders own 4.90% of the company’s stock.

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.