WCM Investment Management LLC Acquires New Shares in HubSpot, Inc. (NYSE:HUBS)

WCM Investment Management LLC bought a new position in HubSpot, Inc. (NYSE:HUBS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,495 shares of the software maker’s stock, valued at approximately $881,000.

A number of other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in HubSpot by 335.7% in the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after purchasing an additional 47 shares during the period. Quarry LP grew its stake in shares of HubSpot by 333.3% during the 1st quarter. Quarry LP now owns 91 shares of the software maker’s stock valued at $39,000 after acquiring an additional 70 shares during the period. Alta Advisers Ltd purchased a new stake in HubSpot in the 3rd quarter worth approximately $49,000. KB Financial Partners LLC bought a new stake in HubSpot during the 1st quarter worth approximately $49,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of HubSpot by 29.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock worth $55,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on HUBS. Scotiabank raised their price target on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a report on Friday, April 5th. Royal Bank of Canada lifted their price objective on shares of HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Evercore ISI upped their target price on shares of HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a research report on Thursday, February 15th. Piper Sandler reiterated an “overweight” rating and issued a $675.00 price target on shares of HubSpot in a report on Friday, April 5th. Finally, Truist Financial boosted their price target on shares of HubSpot from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $642.36.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $663.35 on Monday. HubSpot, Inc. has a fifty-two week low of $399.48 and a fifty-two week high of $693.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. The business has a 50-day simple moving average of $623.25 and a two-hundred day simple moving average of $548.69.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share 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 company had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. On average, equities analysts forecast that HubSpot, Inc. will post -0.98 EPS for the current year.

Insider Buying and Selling at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $555.84, for a total value of $4,724,640.00. Following the completion of the transaction, the insider now directly owns 536,811 shares of the company’s stock, valued at approximately $298,381,026.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Yamini Rangan sold 2,874 shares of HubSpot stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the transaction, the chief executive officer now owns 74,784 shares in the company, valued at approximately $46,898,542.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $555.84, for a total transaction of $4,724,640.00. Following the completion of the sale, the insider now directly owns 536,811 shares of the company’s stock, valued at approximately $298,381,026.24. The disclosure for this sale can be found here. Insiders sold 22,362 shares of company stock valued at $13,329,601 over the last quarter. 4.90% of the stock is currently owned by insiders.

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.