Zevenbergen Capital Investments LLC Grows Holdings in HubSpot, Inc. (NYSE:HUBS)

Zevenbergen Capital Investments LLC grew its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,115 shares of the software maker's stock after acquiring an additional 2,680 shares during the period. Zevenbergen Capital Investments LLC owned about 0.07% of HubSpot worth $26,557,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HUBS. Wellington Management Group LLP grew its stake in 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 acquiring an additional 480,796 shares during the period. Raymond James Financial Inc. purchased a new position in HubSpot during the fourth quarter valued at $157,019,000. Wealthfront Advisers LLC grew its position in shares of HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock valued at $93,049,000 after purchasing an additional 129,357 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of HubSpot during the fourth quarter worth about $79,135,000. Finally, State of Michigan Retirement System increased its stake in shares of HubSpot by 87.7% during the fourth quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker's stock worth $74,136,000 after purchasing an additional 49,700 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HUBS shares. JPMorgan Chase & Co. lifted their price objective on HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Canaccord Genuity Group lifted their price target on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada boosted their price target on HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Oppenheimer raised their price objective on HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a 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 stock a "buy" rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $848.58.

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Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company's stock, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,853 shares of company stock worth $15,453,396. Corporate insiders own 4.50% of the company's stock.

HubSpot Trading Down 2.0 %

NYSE:HUBS traded down $11.96 during trading hours on Friday, hitting $581.45. The company's stock had a trading volume of 641,595 shares, compared to its average volume of 611,086. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock has a market capitalization of $30.32 billion, a P/E ratio of 6,461.31, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The stock has a fifty day moving average of $705.35 and a 200-day moving average of $657.85.

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

About HubSpot

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.