Impact Investors Inc Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Impact Investors Inc purchased a new stake in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 387 shares of the software maker’s stock, valued at approximately $270,000.

Several other institutional investors have also recently made changes to their positions in the stock. Los Angeles Capital Management LLC raised its position in shares of HubSpot by 271.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 17,297 shares of the software maker’s stock worth $12,052,000 after purchasing an additional 12,635 shares during the period. Amalgamated Bank grew its holdings in shares of HubSpot by 0.5% during the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after buying an additional 16 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after acquiring an additional 24,799 shares during the last quarter. IFP Advisors Inc lifted its position in HubSpot by 9.8% in the 4th quarter. IFP Advisors Inc now owns 1,212 shares of the software maker’s stock valued at $844,000 after acquiring an additional 108 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in HubSpot during the 4th quarter valued at about $3,814,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on HUBS shares. Oppenheimer increased their price objective on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Scotiabank increased their price target on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 13th. Truist Financial reaffirmed a “buy” rating and set a $900.00 price objective (up from $750.00) on shares of HubSpot in a report on Thursday, February 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 report on Thursday, February 13th. Finally, Jefferies Financial Group raised their price target on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Price Performance

Shares of HUBS stock opened at $720.32 on Wednesday. The stock has a market capitalization of $37.57 billion, a price-to-earnings ratio of 8,004.41, a PEG ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company’s fifty day simple moving average is $739.03 and its two-hundred day simple moving average is $637.48.

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

Insider Activity

In other news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lorrie M. Norrington sold 572 shares of the firm’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 transaction, the director now owns 1,697 shares in the company, valued at approximately $1,170,930. The trade was a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,112 shares of company stock valued at $35,878,612. Corporate insiders own 4.50% of the company’s stock.

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.