Massachusetts Financial Services Co. MA Has $303.69 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Massachusetts Financial Services Co. MA lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 17.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 571,274 shares of the software maker's stock after acquiring an additional 86,688 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.11% of HubSpot worth $303,689,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in HubSpot in the second quarter worth about $35,000. HM Payson & Co. increased its holdings in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Crewe Advisors LLC raised its position in shares of HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock valued at $44,000 after acquiring an additional 63 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock worth $51,000 after purchasing an additional 76 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker's stock valued at $64,000 after purchasing an additional 32 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HUBS has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of HubSpot from $550.00 to $650.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. BMO Capital Markets lifted their price target on HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Truist Financial restated a "buy" rating and issued a $750.00 target price (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Finally, Bank of America cut their price objective on shares of HubSpot from $650.00 to $580.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price of $672.68.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the company's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the sale, the chief financial officer now directly owns 41,259 shares of the company's stock, valued at approximately $21,695,632.56. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,391 shares of company stock valued at $29,101,488. Corporate insiders own 4.50% of the company's stock.

HubSpot Trading Up 3.1 %

Shares of HUBS traded up $22.61 during trading hours on Friday, hitting $742.61. 653,470 shares of the stock traded hands, compared to its average volume of 588,401. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $745.49. The business has a fifty day moving average of $575.54 and a 200-day moving average of $551.94.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the previous year, the business earned ($0.04) EPS. The business's quarterly revenue was up 20.1% compared to the same quarter last year. As a group, research analysts predict that HubSpot, Inc. will post 0.4 earnings per share for the current year.

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.