Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in HubSpot, Inc. (NYSE:HUBS)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,401 shares of the software maker's stock after buying an additional 2,305 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of HubSpot worth $24,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HUBS. Wilmington Savings Fund Society FSB purchased a new position in HubSpot in the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC boosted its holdings in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot during the 4th quarter valued at $35,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in HubSpot during the 4th quarter worth about $36,000. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. This represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 72,373 shares in the company, valued at approximately $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. Insiders sold 19,382 shares of company stock valued at $13,415,657 in the last quarter. Company insiders own 4.50% of the company's stock.

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HubSpot Stock Down 5.1 %

Shares of HUBS traded down $27.00 during trading hours on Friday, hitting $500.79. The company had a trading volume of 1,393,357 shares, compared to its average volume of 605,948. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock's 50 day moving average price is $688.31 and its 200 day moving average price is $659.95. The firm has a market cap of $26.12 billion, a P/E ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts' consensus estimates 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, research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on HUBS shares. KeyCorp raised HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 target price for the company in a report on Thursday, February 13th. Jefferies Financial Group boosted their price objective on shares of HubSpot from $860.00 to $900.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Mizuho increased their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Sanford C. Bernstein started coverage on shares of HubSpot in a research report on Thursday, March 20th. They set a "market perform" rating and a $693.00 price target for the company. Finally, Scotiabank increased their price objective on HubSpot from $825.00 to $900.00 and gave the stock a "sector outperform" rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and an average target price 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.