Clearbridge Investments LLC Trims Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Clearbridge Investments LLC cut its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,093,037 shares of the software maker's stock after selling 31,834 shares during the period. Clearbridge Investments LLC owned 2.12% of HubSpot worth $761,595,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its position in shares of HubSpot by 93.1% during the 3rd quarter. Townsquare Capital LLC now owns 668 shares of the software maker's stock valued at $355,000 after buying an additional 322 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in HubSpot during the third quarter valued at $509,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of HubSpot by 1.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,264 shares of the software maker's stock valued at $15,025,000 after purchasing an additional 340 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of HubSpot by 8.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker's stock worth $280,186,000 after purchasing an additional 40,138 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its position in shares of HubSpot by 31.9% during the 3rd quarter. Vinva Investment Management Ltd now owns 3,501 shares of the software maker's stock worth $1,877,000 after purchasing an additional 846 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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HubSpot Trading Down 9.7 %

Shares of NYSE HUBS traded down $57.78 during midday trading on Thursday, reaching $535.21. 526,938 shares of the company were exchanged, compared to its average volume of 610,637. The stock has a market cap of $27.91 billion, a P/E ratio of 5,947.44, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a fifty day simple moving average of $697.10 and a 200 day simple moving average of $660.86.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HUBS shares. Scotiabank boosted their price objective on HubSpot from $825.00 to $900.00 and gave the stock a "sector outperform" rating in a research note on Thursday, February 13th. KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 target price on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. BMO Capital Markets lifted their price target on shares of HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, 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 report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $848.58.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 3,057 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The sale 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 company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,853 shares of company stock valued at $15,453,396 over the last ninety days. Corporate insiders own 4.50% of the company's stock.

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.