National Pension Service Decreases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

National Pension Service reduced its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,158 shares of the software maker's stock after selling 753 shares during the quarter. National Pension Service owned about 0.14% of HubSpot worth $48,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in HubSpot by 50.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker's stock valued at $1,699,000 after buying an additional 1,073 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of HubSpot by 57.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 639 shares of the software maker's stock valued at $340,000 after purchasing an additional 233 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of HubSpot by 5.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,285 shares of the software maker's stock valued at $1,746,000 after purchasing an additional 170 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in HubSpot during the 3rd quarter worth approximately $624,000. Finally, abrdn plc lifted its stake in HubSpot by 43.1% in the 3rd quarter. abrdn plc now owns 31,541 shares of the software maker's stock valued at $16,767,000 after purchasing an additional 9,496 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HUBS stock traded down $17.15 during trading hours on Monday, hitting $706.84. 518,316 shares of the company were exchanged, compared to its average volume of 505,028. The company has a 50 day simple moving average of $739.69 and a two-hundred day simple moving average of $642.57. The firm has a market cap of $36.86 billion, a P/E ratio of 7,854.65, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted 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%. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HUBS. Redburn Atlantic began coverage on shares of HubSpot in a report on Wednesday, February 19th. They set a "buy" rating for the company. Jefferies Financial Group upped their target price on HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Piper Sandler lifted their price target on HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Bank of America boosted their price target on HubSpot from $780.00 to $850.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, Wells Fargo & Company raised their price objective on shares of HubSpot from $835.00 to $940.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $863.96.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares of the company's stock, valued at approximately $425,048,310. This trade represents a 1.59 % 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, CEO Yamini Rangan sold 115 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares of the company's stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock valued at $35,878,612 in the last three months. Corporate insiders own 4.50% of the company's stock.

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.