Mitsubishi UFJ Trust & Banking Corp Has $19.50 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,989 shares of the software maker's stock after selling 2,373 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of HubSpot worth $19,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC boosted its holdings in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in HubSpot in the 4th quarter valued at $35,000. Finally, Friedenthal Financial bought a new stake in HubSpot during the 4th quarter worth about $50,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 527,233 shares of the company's stock, valued at $320,283,502.84. This trade represents a 1.59 % 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, CEO Yamini Rangan sold 3,057 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares of the company's stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,853 shares of company stock worth $15,453,396. 4.50% of the stock is currently owned by company insiders.

Remove Ads

HubSpot Stock Performance

NYSE:HUBS traded up $11.01 during mid-day trading on Tuesday, reaching $582.30. 466,542 shares of the company's stock were exchanged, compared to its average volume of 610,673. The firm has a market capitalization of $30.37 billion, a PE ratio of 6,470.73, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The business's fifty day simple moving average is $699.84 and its two-hundred day simple moving average is $661.33.

HubSpot (NYSE:HUBS - Get Free Report) last announced 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%. As a group, equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HUBS. Oppenheimer lifted their target price on HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price target on HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Stephens initiated coverage on HubSpot in a research note on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price objective on the stock. Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Finally, Piper Sandler increased their price target on shares of HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $848.58.

HubSpot Company 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.