Headlands Technologies LLC Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Headlands Technologies LLC bought a new position in HubSpot, Inc. (NYSE:HUBS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 155 shares of the software maker’s stock, valued at approximately $90,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings 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 buying an additional 41,689 shares during the period. JPMorgan Chase & Co. raised its holdings 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 buying an additional 166,381 shares during the period. Wellington Management Group LLP raised its stake in shares of HubSpot by 26.0% during 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 purchasing an additional 257,632 shares during the period. Jennison Associates LLC raised its stake in shares of HubSpot by 22.8% during the fourth quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock valued at $564,840,000 after purchasing an additional 180,822 shares during the period. Finally, Bank of New York Mellon Corp raised its stake 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 purchasing an additional 12,109 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HUBS. Canaccord Genuity Group lifted their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Truist Financial raised their price target on shares of HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Piper Sandler reissued an “overweight” rating and set a $675.00 price target on shares of HubSpot in a research report on Friday, April 5th. William Blair reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 15th. Finally, Royal Bank of Canada raised their price target on shares of HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $642.36.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other HubSpot news, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $610.00, for a total transaction of $591,090.00. Following the transaction, the insider now owns 7,225 shares of the company’s stock, valued at approximately $4,407,250. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,362 shares of company stock worth $14,012,491. 4.90% of the stock is owned by corporate insiders.

HubSpot Stock Down 4.9 %

Shares of NYSE HUBS opened at $605.04 on Wednesday. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The firm’s 50-day simple moving average is $628.38 and its 200 day simple moving average is $562.34. 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 (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The firm had revenue of $581.91 million for the quarter, compared to analysts’ expectations of $557.48 million. On average, equities research analysts predict that HubSpot, Inc. will post -0.98 EPS for the current year.

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.