HubSpot, Inc. (NYSE:HUBS) Holdings Decreased by Lbp Am Sa

LBP AM SA lessened its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 89.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 990 shares of the software maker's stock after selling 8,116 shares during the quarter. LBP AM SA's holdings in HubSpot were worth $690,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock valued at $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Geode Capital Management LLC grew its stake in HubSpot by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker's stock valued at $435,184,000 after acquiring an additional 19,974 shares during the last quarter. Bank of New York Mellon Corp grew its stake in HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after acquiring an additional 24,799 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in HubSpot by 8.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker's stock valued at $280,186,000 after acquiring an additional 40,138 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

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Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the transaction, the insider now owns 513,698 shares of the company's stock, valued at approximately $374,819,745.70. The trade was a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now directly owns 1,272,077 shares of the company's stock, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock valued at $35,796,526 over the last 90 days. 4.50% of the stock is owned by company insiders.

HubSpot Price Performance

NYSE HUBS traded up $4.20 during mid-day trading on Monday, hitting $613.38. The company's stock had a trading volume of 430,476 shares, compared to its average volume of 598,860. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock's fifty day simple moving average is $725.59 and its two-hundred day simple moving average is $652.55. The firm has a market capitalization of $31.99 billion, a P/E ratio of 6,816.05, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS - Get Free Report) last posted 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 net margin of 0.17% and a negative return on equity of 0.07%. On average, equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HUBS. BMO Capital Markets increased their price objective on shares of HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Scotiabank increased their price objective on shares of HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a research note on Thursday, February 13th. Needham & Company LLC increased their price objective on shares of HubSpot from $730.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Canaccord Genuity Group increased their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley raised their price target on shares of HubSpot from $835.00 to $898.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $863.96.

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.