Arrowstreet Capital Limited Partnership Takes Position in HubSpot, Inc. (NYSE:HUBS)

Arrowstreet Capital Limited Partnership purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 78,690 shares of the software maker's stock, valued at approximately $54,829,000. Arrowstreet Capital Limited Partnership owned approximately 0.15% of HubSpot as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUBS. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the third quarter worth $25,000. Larson Financial Group LLC increased its stake in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after buying an additional 19 shares during the period. Bank of Jackson Hole Trust bought a new position in shares of HubSpot in the fourth quarter worth approximately $35,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of HubSpot in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company's stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,382 shares of company stock valued at $13,415,657. 4.50% of the stock is currently owned by insiders.

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HubSpot Stock Down 5.1 %

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

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Mizuho lifted their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price objective on HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Raymond James lifted their target price on HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Redburn Atlantic started coverage on HubSpot in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, Oppenheimer boosted 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. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $848.58.

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.