MML Investors Services LLC Buys 550 Shares of HubSpot, Inc. (NYSE:HUBS)

MML Investors Services LLC grew its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,826 shares of the software maker's stock after buying an additional 550 shares during the quarter. MML Investors Services LLC's holdings in HubSpot were worth $8,937,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the 3rd quarter valued at approximately $25,000. Oddo BHF Asset Management Sas bought a new stake in shares of HubSpot in the third quarter worth $740,000. GAMMA Investing LLC lifted its position in shares of HubSpot by 16.9% in the fourth quarter. GAMMA Investing LLC now owns 221 shares of the software maker's stock worth $154,000 after purchasing an additional 32 shares in the last quarter. Everence Capital Management Inc. acquired a new position in HubSpot during the fourth quarter worth $1,010,000. Finally, Nordea Investment Management AB increased its stake in HubSpot by 7.7% in the 4th quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker's stock valued at $2,987,000 after buying an additional 306 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction 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 transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 27,882 shares of company stock worth $17,993,757. Insiders own 4.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HUBS shares. Redburn Atlantic initiated coverage on HubSpot in a research report on Wednesday, February 19th. They issued a "buy" rating on the stock. KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective on the stock in a research note on Thursday, February 13th. Stephens initiated coverage on shares of HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price for the company. TD Cowen cut shares of HubSpot from a "buy" rating to a "hold" rating and increased their price target for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Finally, Citigroup boosted their price objective on shares of HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and an average target price of $789.11.

HubSpot Trading Up 2.7 %

NYSE HUBS traded up $16.06 on Friday, hitting $616.56. 648,332 shares of the company's stock were exchanged, compared to its average volume of 621,587. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The stock has a 50-day moving average of $604.15 and a 200-day moving average of $661.47. The stock has a market cap of $32.16 billion, a price-to-earnings ratio of 6,851.43, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. As a group, analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current 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.