Marshall Wace LLP Sells 223,424 Shares of HubSpot, Inc. (NYSE:HUBS)

Marshall Wace LLP decreased its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 55.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,319 shares of the software maker's stock after selling 223,424 shares during the period. Marshall Wace LLP owned about 0.35% of HubSpot worth $124,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Regal Investment Advisors LLC grew its holdings in shares of HubSpot by 11.6% during the fourth quarter. Regal Investment Advisors LLC now owns 1,434 shares of the software maker's stock worth $999,000 after buying an additional 149 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of HubSpot in the fourth quarter valued at about $785,000. Mariner LLC lifted its position in shares of HubSpot by 4.3% during the 4th quarter. Mariner LLC now owns 5,974 shares of the software maker's stock valued at $4,163,000 after acquiring an additional 249 shares during the period. SageView Advisory Group LLC purchased a new position in HubSpot during the fourth quarter worth $334,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of HubSpot by 0.3% during the 4th quarter. Sterling Capital Management LLC now owns 15,405 shares of the software maker's stock worth $10,734,000 after acquiring an additional 53 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on HUBS. Canaccord Genuity Group lifted their price objective on shares of HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. BMO Capital Markets lifted their target price 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. Needham & Company LLC raised their price objective on HubSpot from $730.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Macquarie began coverage on HubSpot in a report on Monday, March 24th. They set an "outperform" rating and a $730.00 price target for the company. Finally, Citigroup boosted their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and an average target price of $818.04.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the sale, the insider now owns 525,687 shares in the company, valued at $283,135,018.20. This represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,882 shares of company stock valued at $17,993,757. Corporate insiders own 4.50% of the company's stock.

HubSpot Trading Down 4.4 %

Shares of NYSE:HUBS traded down $24.00 during trading on Monday, reaching $515.69. 126,939 shares of the company traded hands, compared to its average volume of 616,862. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The firm has a market capitalization of $26.89 billion, a price-to-earnings ratio of 5,730.53, a P/E/G ratio of 41.44 and a beta of 1.82. The business's fifty day moving average is $627.88 and its 200-day moving average is $661.10.

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

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.