Valliance Asset Management Ltd Takes $1.05 Million Position in HubSpot, Inc. (NYSE:HUBS)

Valliance Asset Management Ltd bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, HoldingsChannel reports. The firm bought 1,500 shares of the software maker’s stock, valued at approximately $1,045,000. HubSpot accounts for approximately 1.9% of Valliance Asset Management Ltd’s investment portfolio, making the stock its 13th largest position.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot during the 3rd quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot during the 4th quarter valued at about $35,000. HM Payson & Co. grew its position in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in shares of HubSpot during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Down 2.9 %

Shares of HUBS stock opened at $726.43 on Friday. The company’s fifty day simple moving average is $739.92 and its 200-day simple moving average is $632.79. The firm has a market cap of $37.88 billion, a PE ratio of 8,072.32, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

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

Insider Buying and Selling

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the transaction, the director now directly owns 1,697 shares in the company, valued at $1,170,930. The trade was a 25.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,112 shares of company stock worth $35,878,612. Insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the subject of a number of recent research reports. Barclays reaffirmed an “equal weight” rating on shares of HubSpot in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Mizuho boosted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a research report on Thursday, February 13th. Finally, Citigroup upped their target price on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $863.96.

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.