HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Cannon Advisors Inc.

Cannon Advisors Inc. boosted its position in HubSpot, Inc. (NYSE:HUBS) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 534 shares of the software maker’s stock after acquiring an additional 22 shares during the quarter. Cannon Advisors Inc.’s holdings in HubSpot were worth $372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of HubSpot in the fourth quarter worth about $420,345,000. Wellington Management Group LLP increased its holdings in HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after purchasing an additional 480,796 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of HubSpot in the 4th quarter valued at approximately $157,019,000. Wealthfront Advisers LLC boosted its stake in shares of HubSpot by 3,090.2% during the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after buying an additional 129,357 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of HubSpot during the fourth quarter worth approximately $79,135,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,853 shares of company stock worth $15,453,396 over the last three months. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

Shares of HUBS stock opened at $570.58 on Tuesday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The firm has a market capitalization of $29.76 billion, a PE ratio of 6,340.52, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The stock has a fifty day moving average of $702.68 and a two-hundred day moving average of $660.69.

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

Analyst Ratings Changes

Several analysts recently issued reports on HUBS shares. BMO Capital Markets upped their price target on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Mizuho upped their price objective on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Barclays raised HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 target price on the stock in a report on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $848.58.

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.