Twelve Points Wealth Management LLC Purchases New Holdings in HubSpot, Inc. (NYSE:HUBS)

Twelve Points Wealth Management LLC acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 462 shares of the software maker’s stock, valued at approximately $322,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC bought a new position in HubSpot in the fourth quarter valued at approximately $862,000. Slow Capital Inc. boosted its holdings in shares of HubSpot by 91.9% in the 4th quarter. Slow Capital Inc. now owns 6,078 shares of the software maker’s stock valued at $4,235,000 after purchasing an additional 2,910 shares in the last quarter. KBC Group NV increased its stake in shares of HubSpot by 45.8% in the 4th quarter. KBC Group NV now owns 18,515 shares of the software maker’s stock valued at $12,901,000 after purchasing an additional 5,820 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of HubSpot during the 4th quarter worth $4,838,000. Finally, Blue Trust Inc. lifted its position in shares of HubSpot by 10.0% during the 4th quarter. Blue Trust Inc. now owns 792 shares of the software maker’s stock worth $552,000 after buying an additional 72 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now directly owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock valued at $54,900,427 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

HubSpot Trading Down 1.9 %

Shares of HubSpot stock opened at $779.59 on Thursday. The business has a 50-day moving average price of $720.89 and a two-hundred day moving average price of $595.82. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $811.79. The company has a market cap of $40.25 billion, a P/E ratio of -2,887.28, a PEG ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. Equities research analysts forecast that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HUBS has been the subject of several research analyst reports. The Goldman Sachs Group boosted their target price on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Oppenheimer increased their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus raised their target price on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Royal Bank of Canada upped their price target on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Canaccord Genuity Group raised their price objective on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $724.52.

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.