Kodai Capital Management LP Takes Position in HubSpot, Inc. (NYSE:HUBS)

Kodai Capital Management LP bought a new position in HubSpot, Inc. (NYSE:HUBSFree Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 40,848 shares of the software maker’s stock, valued at approximately $23,714,000. Kodai Capital Management LP owned 0.08% of HubSpot as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. APG Asset Management US Inc. purchased a new position in shares of HubSpot during the fourth quarter valued at approximately $5,492,000. California State Teachers Retirement System increased its position in HubSpot by 0.6% during the 4th quarter. California State Teachers Retirement System now owns 71,497 shares of the software maker’s stock valued at $41,507,000 after purchasing an additional 444 shares during the period. Cloverfields Capital Group LP purchased a new position in HubSpot during the 4th quarter valued at $1,977,000. BOCHK Asset Management Ltd bought a new position in HubSpot in the 4th quarter worth $2,728,000. Finally, Evoke Wealth LLC purchased a new stake in shares of HubSpot in the 4th quarter worth about $3,267,000. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

HUBS has been the subject of a number of research analyst reports. BMO Capital Markets lowered their target price on HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Scotiabank boosted their target price on shares of HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a report on Friday, April 5th. UBS Group reaffirmed a “neutral” rating and issued a $525.00 target price on shares of HubSpot in a research report on Thursday, February 15th. Canaccord Genuity Group lowered their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Wells Fargo & Company upped their price objective on shares of HubSpot from $700.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $640.04.

Get Our Latest Analysis on HubSpot

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Brian Halligan sold 8,500 shares of the business’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 transaction, the insider now owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,874 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the completion of the sale, the chief executive officer now owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,353 shares of company stock worth $12,845,623. Insiders own 4.50% of the company’s stock.

HubSpot Stock Up 2.0 %

NYSE HUBS traded up $11.78 during trading hours on Tuesday, reaching $608.93. The company’s stock had a trading volume of 685,928 shares, compared to its average volume of 565,286. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $624.49 and its 200-day moving average price is $591.37.

HubSpot (NYSE:HUBSGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The company had revenue of $617.41 million for the quarter, compared to the consensus estimate of $597.12 million. As a group, analysts predict that HubSpot, Inc. will post -0.56 EPS for the current fiscal year.

About HubSpot

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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