Intech Investment Management LLC Has $882,000 Stock Position in HubSpot, Inc. (NYSE:HUBS)

Intech Investment Management LLC lowered its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 54.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,266 shares of the software maker's stock after selling 1,522 shares during the period. Intech Investment Management LLC's holdings in HubSpot were worth $882,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Wellington Management Group LLP raised its position in HubSpot by 52.2% in the third 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 during the period. Geode Capital Management LLC grew its position in HubSpot by 2.5% in the third 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 in the last quarter. Bank of New York Mellon Corp raised its stake in shares of HubSpot by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after purchasing an additional 24,799 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of HubSpot by 8.2% in the third 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 purchasing an additional 40,138 shares during the period. Finally, Holocene Advisors LP increased its stake in HubSpot by 17.5% during the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker's stock worth $169,988,000 after buying an additional 47,736 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

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HubSpot Price Performance

Shares of HubSpot stock traded down $15.36 on Thursday, hitting $593.32. The company had a trading volume of 446,130 shares, compared to its average volume of 603,200. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The company has a market cap of $30.94 billion, a PE ratio of 6,593.13, a PEG ratio of 41.44 and a beta of 1.80. The business has a 50-day simple moving average of $710.31 and a 200-day simple moving average of $657.69.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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 research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on HUBS shares. Canaccord Genuity Group boosted 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. Citigroup upped their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. BMO Capital Markets lifted their price target on HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, William Blair reiterated an "outperform" rating on shares of HubSpot in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $848.58.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was 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. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathryn Bueker sold 1,796 shares of the business'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 sale, the chief financial officer now 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. Over the last three months, insiders have sold 22,425 shares of company stock worth $15,866,151. 4.50% of the stock is owned by corporate insiders.

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.