Point72 Hong Kong Ltd Invests $317,000 in HubSpot Inc (NYSE:HUBS)
Point72 Hong Kong Ltd acquired a new position in shares of HubSpot Inc (NYSE:HUBS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,999 shares of the software maker’s stock, valued at approximately $317,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new stake in shares of HubSpot during the 4th quarter worth $219,000. BW Gestao de Investimentos Ltda. purchased a new stake in HubSpot in the fourth quarter valued at $2,378,000. Bank of Montreal Can lifted its position in HubSpot by 26.5% in the fourth quarter. Bank of Montreal Can now owns 9,234 shares of the software maker’s stock valued at $1,464,000 after acquiring an additional 1,932 shares during the last quarter. Vista Equity Partners Management LLC lifted its position in HubSpot by 18.9% in the third quarter. Vista Equity Partners Management LLC now owns 158,238 shares of the software maker’s stock valued at $23,990,000 after acquiring an additional 25,100 shares during the last quarter. Finally, ARK Investment Management LLC lifted its position in HubSpot by 51.3% in the fourth quarter. ARK Investment Management LLC now owns 59,580 shares of the software maker’s stock valued at $9,443,000 after acquiring an additional 20,194 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.
Shares of HubSpot stock traded up $7.00 on Wednesday, reaching $136.36. 1,952,810 shares of the stock were exchanged, compared to its average volume of 769,346. HubSpot Inc has a 1-year low of $90.83 and a 1-year high of $207.98. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average price of $164.23 and a two-hundred day moving average price of $161.61. The firm has a market capitalization of $4.68 billion, a PE ratio of -107.37 and a beta of 1.39.
In other HubSpot news, CFO Kathryn Bueker sold 942 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $161.62, for a total transaction of $152,246.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $194.62, for a total transaction of $1,654,270.00. Following the transaction, the chief executive officer now owns 699,331 shares in the company, valued at $136,103,799.22. The disclosure for this sale can be found here. Insiders have sold 18,318 shares of company stock worth $3,437,301 over the last 90 days. 8.30% of the stock is currently owned by company insiders.
A number of equities research analysts recently weighed in on HUBS shares. Piper Sandler boosted their price target on shares of HubSpot from $200.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Cowen boosted their price target on shares of HubSpot from $155.00 to $178.00 and gave the company a “market perform” rating in a research report on Thursday, February 13th. Wells Fargo & Co dropped their price objective on shares of HubSpot from $190.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 11th. Piper Jaffray Companies assumed coverage on shares of HubSpot in a research note on Tuesday, November 26th. They issued an “overweight” rating and a $186.00 price objective on the stock. Finally, Mizuho assumed coverage on shares of HubSpot in a research note on Thursday, January 9th. They issued a “buy” rating and a $205.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $195.91.
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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