Artisan Partners Limited Partnership Has $237.96 Million Position in HubSpot, Inc. (NYSE:HUBS)

Artisan Partners Limited Partnership decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 20.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 341,521 shares of the software maker's stock after selling 85,826 shares during the period. Artisan Partners Limited Partnership owned approximately 0.66% of HubSpot worth $237,962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC grew its position 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 valued at $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after purchasing an additional 19 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in HubSpot during the 4th quarter worth approximately $35,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in HubSpot in the fourth quarter valued at approximately $36,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Performance

HUBS traded down $18.57 on Monday, reaching $563.55. The company had a trading volume of 292,802 shares, compared to its average volume of 556,367. The stock has a market cap of $29.39 billion, a P/E ratio of 6,262.31, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company's fifty day moving average is $705.35 and its 200 day moving average is $660.14.

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HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. On average, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares of the company's stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares of the company's stock, valued at $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,853 shares of company stock valued at $15,453,396. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on HUBS. William Blair restated an "outperform" rating on shares of HubSpot in a report on Thursday, February 13th. Morgan Stanley boosted their price target on HubSpot from $835.00 to $898.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. StockNews.com cut HubSpot from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Stephens initiated coverage on HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price on the stock. Finally, Canaccord Genuity Group upped their price target on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $848.58.

About HubSpot

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.