Pictet Asset Management Holding SA Has $300.81 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Pictet Asset Management Holding SA cut its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 431,726 shares of the software maker's stock after selling 22,529 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.84% of HubSpot worth $300,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in 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 purchasing an additional 480,796 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker's stock worth $435,184,000 after buying an additional 19,974 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of HubSpot by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock worth $469,987,000 after acquiring an additional 24,799 shares in the last quarter. Norges Bank acquired a new position in shares of HubSpot during the 4th quarter valued at about $420,345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $280,186,000 after acquiring an additional 40,138 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HUBS. UBS Group raised HubSpot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their price objective on shares of HubSpot from $835.00 to $940.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Morgan Stanley lifted their target price on shares of HubSpot from $835.00 to $898.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. TD Cowen cut shares of HubSpot from a "buy" rating to a "hold" rating and upped their price target for the company from $680.00 to $725.00 in a report on Friday, January 17th. Finally, Oppenheimer lifted their price objective on HubSpot from $850.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $848.58.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares of the company's stock, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,853 shares of company stock worth $15,453,396 in the last three months. Insiders own 4.50% of the company's stock.

HubSpot Stock Up 1.4 %

HubSpot stock traded up $8.15 during mid-day trading on Tuesday, hitting $579.44. 152,960 shares of the company were exchanged, compared to its average volume of 557,607. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The business has a fifty day moving average of $702.68 and a 200 day moving average of $660.69. The company has a market capitalization of $30.22 billion, a PE ratio of 6,438.98, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS - Get Free Report) last announced 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 negative return on equity of 0.07% and a net margin of 0.17%. Research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

About HubSpot

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.