Mirae Asset Global Investments Co. Ltd. Has $6.40 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Mirae Asset Global Investments Co. Ltd. lessened its position in HubSpot, Inc. (NYSE:HUBS) by 10.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,025 shares of the software maker’s stock after selling 1,303 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in HubSpot were worth $6,400,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HUBS. Venturi Wealth Management LLC lifted its holdings in shares of HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. Quarry LP lifted its holdings in shares of HubSpot by 333.3% in the first quarter. Quarry LP now owns 91 shares of the software maker’s stock valued at $39,000 after purchasing an additional 70 shares in the last quarter. Alta Advisers Ltd bought a new stake in HubSpot during the third quarter worth $49,000. CVA Family Office LLC bought a new stake in HubSpot during the fourth quarter worth $58,000. Finally, Whittier Trust Co. lifted its holdings in HubSpot by 5,150.0% during the fourth quarter. Whittier Trust Co. now owns 105 shares of the software maker’s stock worth $61,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of recent analyst reports. 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. Piper Sandler reiterated an “overweight” rating and set a $675.00 price target on shares of HubSpot in a report on Friday, April 5th. 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. TheStreet upgraded HubSpot from a “d+” rating to a “c-” rating in a report on Thursday, January 4th. Finally, BMO Capital Markets boosted their target price on HubSpot from $540.00 to $710.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $642.36.

Insider Activity at HubSpot

In related news, insider Dawson Alyssa Harvey sold 969 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total transaction of $591,090.00. Following the completion of 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 filing with the SEC, which can be accessed through this link. In other HubSpot news, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the sale, the insider now owns 7,225 shares of the company’s stock, valued at approximately $4,407,250. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot 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 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 a total of 22,362 shares of company stock valued at $13,329,601 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.

HubSpot Trading Down 2.7 %

HUBS opened at $663.35 on Monday. The stock has a market cap of $33.61 billion, a PE ratio of -186.86 and a beta of 1.58. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $623.25 and a 200-day moving average of $548.69. HubSpot, Inc. has a 52 week low of $399.48 and a 52 week high of $693.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share 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 during the quarter, compared to analyst estimates of $557.48 million. Equities research analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

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.