Anthracite Investment Company Inc. Has $2.09 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Anthracite Investment Company Inc. trimmed its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 37.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the software maker's stock after selling 1,800 shares during the period. Anthracite Investment Company Inc.'s holdings in HubSpot were worth $2,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock worth $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of HubSpot in the fourth quarter valued at $157,019,000. Wealthfront Advisers LLC increased its holdings in shares of HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock valued at $93,049,000 after buying an additional 129,357 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of HubSpot during the 4th quarter valued at $79,135,000. Finally, State of Michigan Retirement System boosted its stake in shares of HubSpot by 87.7% during the 4th quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker's stock worth $74,136,000 after acquiring an additional 49,700 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of recent analyst reports. Stephens initiated coverage on HubSpot in a research report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 target price on the stock. Canaccord Genuity Group boosted their price objective on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Oppenheimer raised their target price on shares of HubSpot from $850.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Macquarie assumed coverage on shares of HubSpot in a research report on Monday, March 24th. They issued an "outperform" rating and a $730.00 target price on the stock. Finally, Scotiabank upped their price target on shares of HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $848.58.

Remove Ads

HubSpot Stock Down 2.0 %

Shares of NYSE:HUBS traded down $11.96 on Friday, reaching $581.45. The company had a trading volume of 641,595 shares, compared to its average volume of 611,086. The stock has a market capitalization of $30.32 billion, a P/E ratio of 6,461.31, a P/E/G ratio of 41.44 and a beta of 1.80. The stock has a 50-day moving average price of $705.35 and a 200 day moving average price of $659.01. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

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

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares of the company's stock, valued at $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,853 shares of company stock valued at $15,453,396 in the last quarter. Insiders own 4.50% of the company's stock.

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.