Primecap Management Co. CA Has $48.51 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Primecap Management Co. CA cut its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,250 shares of the software maker's stock after selling 1,200 shares during the quarter. Primecap Management Co. CA owned 0.18% of HubSpot worth $48,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUBS. O Shaughnessy Asset Management LLC boosted its stake in HubSpot by 25.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,170 shares of the software maker's stock worth $733,000 after purchasing an additional 234 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of HubSpot by 75.0% in the first quarter. UniSuper Management Pty Ltd now owns 700 shares of the software maker's stock worth $439,000 after buying an additional 300 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of HubSpot by 38.2% during the first quarter. Advisors Asset Management Inc. now owns 1,306 shares of the software maker's stock valued at $818,000 after buying an additional 361 shares in the last quarter. Quadrature Capital Ltd raised its position in HubSpot by 58.7% during the first quarter. Quadrature Capital Ltd now owns 1,751 shares of the software maker's stock valued at $1,097,000 after buying an additional 648 shares during the period. Finally, LRI Investments LLC purchased a new stake in HubSpot in the 1st quarter worth about $208,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the business's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,391 shares of company stock worth $29,101,488 over the last three months. 4.50% of the stock is currently owned by insiders.

HubSpot Trading Up 3.2 %

HUBS traded up $22.74 during trading on Friday, hitting $742.74. The stock had a trading volume of 653,386 shares, compared to its average volume of 593,717. The firm has a market cap of $38.34 billion, a PE ratio of -2,660.15, a P/E/G ratio of 82.97 and a beta of 1.63. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $745.49. The company has a 50 day simple moving average of $570.51 and a 200-day simple moving average of $551.07.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period in the previous year, the company posted ($0.04) earnings per share. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. As a group, sell-side analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HUBS has been the topic of several research analyst reports. Stifel Nicolaus lifted their target price on HubSpot from $600.00 to $625.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. Evercore ISI increased their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Citigroup lowered their price target on shares of HubSpot from $699.00 to $629.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Finally, Bank of America cut their price objective on HubSpot from $650.00 to $580.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and an average target price of $672.68.

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.