Federated Hermes Inc. Has $118.91 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Federated Hermes Inc. boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 48.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,663 shares of the software maker's stock after buying an additional 55,870 shares during the quarter. Federated Hermes Inc. owned approximately 0.33% of HubSpot worth $118,913,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in HubSpot during the 4th quarter valued at $420,345,000. Wellington Management Group LLP lifted its stake in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock worth $745,410,000 after buying an additional 480,796 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of HubSpot during the 4th quarter worth about $157,019,000. Wealthfront Advisers LLC grew its stake in HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock valued at $93,049,000 after buying an additional 129,357 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in HubSpot in the 4th quarter valued at about $79,135,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. This trade represents 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 through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the company'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 value of $1,367,077.44. Following the completion of the sale, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,382 shares of company stock worth $13,415,657 over the last three months. Company insiders own 4.50% of the company's stock.

HubSpot Trading Down 0.3 %

HUBS traded down $1.43 on Friday, reaching $517.44. The stock had a trading volume of 419,233 shares, compared to its average volume of 613,770. The firm has a 50-day moving average of $657.04 and a 200-day moving average of $659.76. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company has a market capitalization of $26.99 billion, a price-to-earnings ratio of 5,744.44, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last posted its 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 negative return on equity of 0.07% and a net margin of 0.17%. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HUBS. Needham & Company LLC boosted their price objective on HubSpot from $730.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. StockNews.com lowered HubSpot from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group lifted their target price on HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Sanford C. Bernstein initiated coverage on shares of HubSpot in a research note on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price target on the stock. Finally, Jefferies Financial Group lifted their price objective on shares of HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and an average price target of $848.58.

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.