International Assets Investment Management LLC Buys Shares of 78,953 HubSpot, Inc. (NYSE:HUBS)

International Assets Investment Management LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 78,953 shares of the software maker’s stock, valued at approximately $45,835,000. International Assets Investment Management LLC owned about 0.16% of HubSpot as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. LA Financiere DE L Echiquier raised its stake in HubSpot by 37.3% in the 4th quarter. LA Financiere DE L Echiquier now owns 12,080 shares of the software maker’s stock valued at $7,013,000 after purchasing an additional 3,279 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of HubSpot by 5.1% in the fourth quarter. Bleakley Financial Group LLC now owns 724 shares of the software maker’s stock valued at $420,000 after buying an additional 35 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of HubSpot by 29.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after buying an additional 21 shares during the period. Meeder Asset Management Inc. acquired a new stake in HubSpot during the fourth quarter worth approximately $2,312,000. Finally, Zweig DiMenna Associates LLC grew its stake in HubSpot by 13.4% in the 4th quarter. Zweig DiMenna Associates LLC now owns 11,300 shares of the software maker’s stock worth $6,560,000 after acquiring an additional 1,335 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of recent analyst reports. 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 research note on Thursday, February 15th. Needham & Company LLC increased their target price on HubSpot from $630.00 to $730.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Scotiabank lifted their price target on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a report on Friday, April 5th. KeyCorp initiated coverage on shares of HubSpot in a report on Thursday, March 21st. They set an “underweight” rating and a $520.00 price objective on the stock. Finally, Evercore ISI boosted their target price on shares of HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a report on Thursday, February 15th. One 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 stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $642.36.

Insider Transactions at HubSpot

In other HubSpot news, 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 transaction of $5,407,530.00. Following the sale, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $634.21, for a total transaction of $73,568.36. Following the completion of the transaction, the chief executive officer now owns 88,861 shares in the company, valued at $56,356,534.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,393 shares of company stock valued at $13,421,401. Insiders own 4.90% of the company’s stock.

HubSpot Trading Up 1.7 %

NYSE:HUBS opened at $600.75 on Friday. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85. The business’s 50-day simple moving average is $628.53 and its 200 day simple moving average is $562.84. 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 stock has a market cap of $30.59 billion, a price-to-earnings ratio of -169.23 and a beta of 1.57.

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

HubSpot Company 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.