Geode Capital Management LLC Acquires 19,974 Shares of HubSpot, Inc. (NYSE:HUBS)

Geode Capital Management LLC lifted its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 2.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 820,483 shares of the software maker's stock after acquiring an additional 19,974 shares during the period. Geode Capital Management LLC owned 1.59% of HubSpot worth $435,184,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. boosted its stake in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after purchasing an additional 18 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in shares of HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker's stock worth $91,000 after buying an additional 25 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in shares of HubSpot by 2.6% in the third quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker's stock valued at $541,000 after acquiring an additional 26 shares during the period. V Square Quantitative Management LLC grew its stake in shares of HubSpot by 3.0% in the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker's stock worth $494,000 after acquiring an additional 27 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock worth $55,000 after acquiring an additional 28 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HUBS shares. Royal Bank of Canada increased their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Needham & Company LLC reissued a "buy" rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday, November 7th. BMO Capital Markets boosted their price target on HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Evercore ISI raised their price objective on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus lifted their price objective on HubSpot from $750.00 to $880.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $689.95.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares of the company's stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,390 shares of company stock valued at $29,126,596 over the last ninety days. 4.50% of the stock is owned by insiders.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $12.63 during mid-day trading on Friday, hitting $721.86. 340,579 shares of the stock were exchanged, compared to its average volume of 586,882. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47. The stock's fifty day simple moving average is $637.78 and its two-hundred day simple moving average is $564.70. The company has a market cap of $37.26 billion, a P/E ratio of -2,673.46, a PEG ratio of 88.26 and a beta of 1.70.

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

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.