Alliancebernstein L.P. Acquires 109,449 Shares of HubSpot, Inc. (NYSE:HUBS)

Alliancebernstein L.P. grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 61.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 286,327 shares of the software maker's stock after acquiring an additional 109,449 shares during the quarter. Alliancebernstein L.P. owned 0.55% of HubSpot worth $199,504,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Farther Finance Advisors LLC boosted its position in shares of HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after acquiring an additional 13 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after buying an additional 15 shares during the period. Amalgamated Bank raised its holdings in HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock valued at $2,271,000 after acquiring an additional 16 shares in the last quarter. Avitas Wealth Management LLC lifted its position in HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after purchasing an additional 17 shares during the period. Finally, Principal Securities Inc. grew its holdings in HubSpot by 17.2% during the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock worth $81,000 after acquiring an additional 17 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts recently commented on HUBS shares. TD Cowen downgraded shares of HubSpot from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Sanford C. Bernstein assumed coverage on shares of HubSpot in a report on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price objective for the company. BMO Capital Markets upped their target price on HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Needham & Company LLC lifted their target price on shares of HubSpot from $730.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Truist Financial reissued a "buy" rating and set a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $848.58.

Insider Buying and Selling at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,382 shares of company stock valued at $13,415,657 in the last quarter. 4.50% of the stock is currently owned by insiders.

HubSpot Stock Down 5.1 %

Shares of NYSE:HUBS traded down $27.00 during midday trading on Friday, hitting $500.79. The stock had a trading volume of 1,393,357 shares, compared to its average volume of 604,703. The business's 50-day simple moving average is $688.31 and its 200-day simple moving average is $661.13. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The company has a market cap of $26.12 billion, a P/E ratio of 5,564.93, a PEG ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

HubSpot Company 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.