Larson Financial Group LLC Has $43,000 Stock Position in HubSpot, Inc. (NYSE:HUBS)

Larson Financial Group LLC increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 1,380.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74 shares of the software maker’s stock after purchasing an additional 69 shares during the period. Larson Financial Group LLC’s holdings in HubSpot were worth $43,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HUBS. Vanguard Group Inc. grew its stake in HubSpot by 0.9% in the third quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock valued at $2,300,168,000 after acquiring an additional 41,689 shares during the period. JPMorgan Chase & Co. grew its stake in HubSpot by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after acquiring an additional 166,381 shares during the period. Wellington Management Group LLP grew its stake in HubSpot by 26.0% in the third quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock valued at $614,317,000 after acquiring an additional 257,632 shares during the period. Jennison Associates LLC grew its stake in HubSpot by 22.8% in the fourth quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock valued at $564,840,000 after acquiring an additional 180,822 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of HubSpot by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 799,174 shares of the software maker’s stock valued at $393,593,000 after buying an additional 12,109 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dawson Alyssa Harvey sold 969 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $610.00, for a total value of $591,090.00. Following the transaction, the insider now owns 7,225 shares of the company’s stock, valued at $4,407,250. The disclosure for this sale can be found here. Insiders sold a total of 22,362 shares of company stock worth $14,012,491 over the last ninety days. 4.90% of the stock is owned by corporate insiders.

HubSpot Stock Performance

NYSE:HUBS opened at $631.34 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The firm has a market cap of $31.99 billion, a price-to-earnings ratio of -177.84 and a beta of 1.58. The business’s fifty day moving average is $627.73 and its 200 day moving average is $558.66.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The company had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. Research analysts predict that HubSpot, Inc. will post -0.98 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Canaccord Genuity Group lifted their target price on HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 5th. The Goldman Sachs Group lifted their price target on HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Scotiabank lifted their price target on HubSpot from $650.00 to $700.00 and gave the stock a “sector outperform” rating in a report on Friday, April 5th. Evercore ISI lifted their price target on HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a report on Thursday, February 15th. Finally, UBS Group reiterated a “neutral” rating and set a $525.00 price target on shares of HubSpot 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-two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.36.

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.