Geode Capital Management LLC Grows Stock Position in HubSpot, Inc. (NYSE:HUBS)

Geode Capital Management LLC boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 830,405 shares of the software maker's stock after buying an additional 9,922 shares during the period. Geode Capital Management LLC owned approximately 1.61% of HubSpot worth $577,572,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HUBS. Farther Finance Advisors LLC grew its stake in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after acquiring an additional 13 shares during the last quarter. First Horizon Advisors Inc. grew its position in HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after purchasing an additional 15 shares during the last quarter. Amalgamated Bank increased its stake in HubSpot by 0.5% during 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 in the last quarter. Avitas Wealth Management LLC raised its holdings in HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock worth $1,420,000 after buying an additional 17 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of HubSpot by 17.2% in the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock worth $81,000 after buying an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

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Insider Activity

In other news, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares of the company's stock, valued at $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,382 shares of company stock worth $13,415,657. 4.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HUBS shares. Royal Bank of Canada raised their price target on shares of HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. 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. Piper Sandler upped their price target on HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Stifel Nicolaus lifted their price objective on HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group upped their target price on shares of HubSpot from $860.00 to $900.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Five research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $848.58.

HubSpot Stock Performance

Shares of HUBS traded down $27.00 during mid-day trading on Friday, reaching $500.79. The stock had a trading volume of 1,393,357 shares, compared to its average volume of 604,703. The business has a fifty day moving average of $688.31 and a 200 day moving average of $661.13. The firm has a market cap of $26.12 billion, a price-to-earnings ratio of 5,564.93, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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, research analysts forecast that HubSpot, Inc. will post 1.01 EPS 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.