Mayflower Financial Advisors LLC Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Mayflower Financial Advisors LLC purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,237 shares of the software maker's stock, valued at approximately $862,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock worth $745,410,000 after buying an additional 480,796 shares during the last quarter. Geode Capital Management LLC grew its holdings in HubSpot by 2.5% during 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. Massachusetts Financial Services Co. MA increased its position in shares of HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock worth $303,689,000 after purchasing an additional 86,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of HubSpot by 8.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker's stock worth $280,186,000 after purchasing an additional 40,138 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in shares of HubSpot by 17.5% in the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker's stock valued at $169,988,000 after purchasing an additional 47,736 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on HubSpot from $750.00 to $810.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Barclays lifted their target price on HubSpot from $650.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Monday, January 27th. Scotiabank upped their price target on HubSpot from $700.00 to $825.00 and gave the company a "sector outperform" rating in a research report on Wednesday, January 8th. UBS Group cut HubSpot from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada boosted their target price on shares of HubSpot from $750.00 to $825.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $724.52.

Insider Activity

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the transaction, the insider now owns 7,603 shares of the company's stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now owns 513,698 shares of the company's stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is owned by company insiders.

HubSpot Trading Up 1.0 %

HUBS traded up $7.53 on Friday, reaching $779.52. The company had a trading volume of 514,878 shares, compared to its average volume of 388,198. The company has a market capitalization of $40.24 billion, a P/E ratio of -2,887.02, a PEG ratio of 43.22 and a beta of 1.70. The company has a fifty day moving average of $724.40 and a 200-day moving average of $600.46. HubSpot, Inc. has a one year low of $434.84 and a one year high of $811.79.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $669.72 million during the quarter, compared to analysts' expectations of $646.97 million. During the same period last year, the firm posted ($0.04) earnings per share. The business's revenue was up 20.1% on a year-over-year basis. Research analysts predict that HubSpot, Inc. will post 0.42 EPS 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.