Charles Schwab Investment Management Inc. Has $103.42 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Charles Schwab Investment Management Inc. lifted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 194,538 shares of the software maker's stock after acquiring an additional 4,331 shares during the period. Charles Schwab Investment Management Inc. owned 0.38% of HubSpot worth $103,416,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HUBS. Massachusetts Financial Services Co. MA increased its position in HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock valued at $303,689,000 after acquiring an additional 86,688 shares during the period. Marshall Wace LLP increased its holdings in shares of HubSpot by 88.7% during the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock valued at $142,468,000 after purchasing an additional 113,555 shares during the period. TimesSquare Capital Management LLC increased its holdings in shares of HubSpot by 49.5% during the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker's stock valued at $110,489,000 after purchasing an additional 68,827 shares during the period. Fiera Capital Corp raised its stake in shares of HubSpot by 1.2% during the second quarter. Fiera Capital Corp now owns 166,519 shares of the software maker's stock valued at $98,211,000 after purchasing an additional 2,019 shares in the last quarter. Finally, Fred Alger Management LLC lifted its holdings in HubSpot by 516.2% in the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker's stock worth $96,307,000 after purchasing an additional 136,793 shares during the period. Institutional investors own 90.39% of the company's stock.

HubSpot Trading Down 1.1 %

NYSE:HUBS traded down $7.71 during trading hours on Wednesday, hitting $722.12. 234,028 shares of the stock traded hands, compared to its average volume of 592,824. The firm has a 50 day moving average price of $589.38 and a 200 day moving average price of $554.35. The firm has a market cap of $37.28 billion, a price-to-earnings ratio of -2,674.42, a PEG ratio of 88.96 and a beta of 1.63. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $754.56.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. HubSpot's quarterly revenue was up 20.1% on a year-over-year basis. Research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on HUBS shares. Evercore ISI raised their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price objective on shares of HubSpot from $625.00 to $750.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on HubSpot from $560.00 to $635.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Citigroup decreased their price target on HubSpot from $699.00 to $629.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, UBS Group boosted their price objective on HubSpot from $550.00 to $650.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $672.68.

Insider Activity

In other news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of the business's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock worth $29,101,488 in the last 90 days. Company insiders own 4.50% of the company's stock.

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.