Price T Rowe Associates Inc. MD Reduces Holdings in HubSpot, Inc. (NYSE:HUBS)

Price T Rowe Associates Inc. MD trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,195,082 shares of the software maker's stock after selling 150,767 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 8.13% of HubSpot worth $2,923,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantessence Capital LLC bought a new stake in shares of HubSpot during the 4th quarter valued at $392,000. Stifel Financial Corp lifted its position in HubSpot by 0.4% during the fourth quarter. Stifel Financial Corp now owns 45,612 shares of the software maker's stock valued at $31,782,000 after purchasing an additional 174 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in HubSpot by 15.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 157 shares of the software maker's stock valued at $109,000 after purchasing an additional 21 shares during the period. Tower Research Capital LLC TRC increased its position in HubSpot by 215.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 983 shares of the software maker's stock worth $685,000 after buying an additional 671 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in shares of HubSpot by 4.5% in the fourth quarter. MML Investors Services LLC now owns 12,826 shares of the software maker's stock worth $8,937,000 after buying an additional 550 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 2,382 shares of HubSpot 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. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,882 shares of company stock worth $17,993,757 in the last quarter. 4.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HUBS shares. Barclays raised shares of HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 target price for the company in a report on Wednesday, March 12th. KeyCorp raised shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a research note on Thursday, February 13th. Citigroup lifted their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Stephens started coverage on HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 price target for the company. Finally, William Blair restated an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $804.78.

HubSpot Trading Up 4.5 %

Shares of HUBS opened at $542.39 on Wednesday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The company's fifty day simple moving average is $617.02 and its 200-day simple moving average is $660.16. The company has a market cap of $28.29 billion, a P/E ratio of 6,027.25, 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 data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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%. Analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal 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.

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