Fisher Asset Management LLC Has $39.40 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Fisher Asset Management LLC lifted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,550 shares of the software maker's stock after acquiring an additional 725 shares during the quarter. Fisher Asset Management LLC owned approximately 0.11% of HubSpot worth $39,403,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HUBS. First Horizon Advisors Inc. boosted its stake in HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after acquiring an additional 15 shares during the last quarter. Amalgamated Bank lifted its stake in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock valued at $2,271,000 after purchasing an additional 16 shares during the period. Avitas Wealth Management LLC boosted its position in shares of HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock worth $1,420,000 after purchasing an additional 17 shares during the last quarter. Principal Securities Inc. boosted its position in shares of HubSpot by 17.2% in the 4th quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock worth $81,000 after purchasing an additional 17 shares during the last quarter. Finally, HM Payson & Co. grew its stake in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

HubSpot Price Performance

HubSpot stock traded down $39.31 during mid-day trading on Thursday, hitting $659.02. 278,361 shares of the company's stock traded hands, compared to its average volume of 506,609. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a market cap of $34.37 billion, a price-to-earnings ratio of 7,323.30, a P/E/G ratio of 41.44 and a beta of 1.72. The firm has a 50 day simple moving average of $738.38 and a two-hundred day simple moving average of $645.80.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on shares of HubSpot from $835.00 to $940.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Jefferies Financial Group increased their target price on shares of HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Piper Sandler boosted their price target on shares of HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Truist Financial restated a "buy" rating and issued a $900.00 price objective (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group lifted their target price on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $863.96.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the 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 transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,997 shares of company stock valued at $35,796,526. 4.50% of the stock is owned by insiders.

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.