Pinebridge Investments L.P. Raises Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Pinebridge Investments L.P. increased its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 45.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,229 shares of the software maker's stock after purchasing an additional 4,434 shares during the quarter. Pinebridge Investments L.P.'s holdings in HubSpot were worth $9,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its position 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 valued at $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake 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 worth $31,000 after purchasing an additional 19 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the 3rd quarter valued at about $25,000. Aster Capital Management DIFC Ltd raised its position in HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after purchasing an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in HubSpot in the 4th quarter worth approximately $35,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Performance

Shares of HUBS stock traded up $16.06 during mid-day trading on Friday, reaching $616.56. 648,332 shares of the company's stock traded hands, compared to its average volume of 621,587. The firm has a market capitalization of $32.16 billion, a PE ratio of 6,851.43, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a 50 day moving average price of $604.15 and a two-hundred day moving average price of $662.23.

HubSpot (NYSE:HUBS - Get Free Report) last issued 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, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HUBS. StockNews.com lowered shares of HubSpot from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. TD Cowen cut HubSpot from a "buy" rating to a "hold" rating and lifted their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Truist Financial decreased their target price on HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Piper Sandler dropped their price target on HubSpot from $808.00 to $535.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, BMO Capital Markets increased their price objective on HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $789.11.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the sale, the insider now owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,382 shares of the company's 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 transaction, the chief executive officer now owns 72,373 shares of the company's stock, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,882 shares of company stock worth $17,993,757 over the last three months. 4.50% of the stock is currently owned by company insiders.

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.