Harvest Fund Management Co. Ltd Purchases 1,835 Shares of HubSpot, Inc. (NYSE:HUBS)

Harvest Fund Management Co. Ltd boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 6,327.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,864 shares of the software maker’s stock after buying an additional 1,835 shares during the period. Harvest Fund Management Co. Ltd’s holdings in HubSpot were worth $1,298,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the third quarter valued at approximately $25,000. Larson Financial Group LLC lifted its holdings in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of HubSpot in the 4th quarter valued at $35,000. Finally, Friedenthal Financial bought a new position in shares of HubSpot in the 4th quarter worth $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the transaction, the director now directly owns 1,697 shares of the company’s stock, valued at approximately $1,170,930. The trade was a 25.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,997 shares of company stock worth $16,260,831 over the last quarter. 4.50% of the stock is currently owned by insiders.

HubSpot Price Performance

HUBS stock opened at $603.92 on Thursday. The company has a market capitalization of $31.50 billion, a P/E ratio of 6,710.96, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm’s fifty day simple moving average is $719.54 and its 200-day simple moving average is $653.69.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HUBS shares. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a research report on Thursday, February 13th. Barclays upgraded shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target on the stock in a report on Wednesday, March 12th. Mizuho boosted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. BMO Capital Markets raised their target price on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, StockNews.com downgraded HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $860.00.

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.