Factory Mutual Insurance Co. Acquires New Position in HubSpot, Inc. $HUBS

Factory Mutual Insurance Co. bought a new position in HubSpot, Inc. (NYSE:HUBS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,500 shares of the software maker’s stock, valued at approximately $1,637,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HUBS. Goodman Advisory Group LLC acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $27,000. Whittier Trust Co. boosted its position in HubSpot by 136.4% during the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Exane Asset Management bought a new position in HubSpot during the 3rd quarter worth $30,000. Rakuten Securities Inc. increased its position in HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after buying an additional 47 shares during the period. Finally, Westside Investment Management Inc. increased its position in HubSpot by 80.5% in the third quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock worth $33,000 after buying an additional 33 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HUBS. Sanford C. Bernstein reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 12th. BTIG Research cut their price objective on shares of HubSpot from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of HubSpot in a research note on Friday, January 9th. Evercore set a $500.00 price target on shares of HubSpot in a research note on Thursday, November 6th. Finally, Piper Sandler cut their price target on HubSpot from $400.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $452.70.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the sale, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider directly owned 10,119 shares of the company’s stock, valued at $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,691 shares of company stock worth $8,136,702. 4.00% of the stock is owned by corporate insiders.

HubSpot Price Performance

NYSE HUBS opened at $239.36 on Friday. HubSpot, Inc. has a 12 month low of $207.20 and a 12 month high of $766.63. The firm has a market capitalization of $12.62 billion, a PE ratio of 275.13, a P/E/G ratio of 3.71 and a beta of 1.44. The company’s 50 day simple moving average is $326.43 and its 200 day simple moving average is $404.67.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The firm had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. During the same period in the prior year, the firm posted $2.32 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.