HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 676,074 shares of the software maker's stock after acquiring an additional 104,800 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.31% of HubSpot worth $471,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Melqart Asset Management UK Ltd increased its stake in shares of HubSpot by 15.2% in the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker's stock valued at $18,010,000 after acquiring an additional 4,468 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in HubSpot by 4.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker's stock worth $10,323,000 after buying an additional 772 shares during the last quarter. B.O.S.S. Retirement Advisors LLC bought a new position in shares of HubSpot in the fourth quarter valued at approximately $1,361,000. Geode Capital Management LLC grew its stake in shares of HubSpot by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker's stock worth $435,184,000 after acquiring an additional 19,974 shares in the last quarter. Finally, Oak Harvest Investment Services bought a new position in shares of HubSpot during the 4th quarter worth approximately $2,065,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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HubSpot Stock Down 5.1 %

Shares of HubSpot stock traded down $27.00 on Friday, hitting $500.79. The company's stock had a trading volume of 1,393,357 shares, compared to its average volume of 604,703. The company has a market capitalization of $26.12 billion, a P/E ratio of 5,564.93, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The firm has a fifty day moving average price of $688.31 and a 200-day moving average price of $661.13. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. 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 can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares of the company's stock, 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 ninety days, insiders have sold 19,382 shares of company stock worth $13,415,657. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets boosted their target price on shares of HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Wells Fargo & Company increased their target price on shares of HubSpot from $835.00 to $940.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price target on HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Mizuho upped their price target on HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Finally, Oppenheimer raised their price objective on HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.