452 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 452 shares of the software maker's stock, valued at approximately $315,000.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock worth $745,410,000 after acquiring an additional 480,796 shares during the period. Geode Capital Management LLC boosted its position in shares of HubSpot by 2.5% during the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker's stock valued at $435,184,000 after purchasing an additional 19,974 shares in the last quarter. Bank of New York Mellon Corp grew its stake in HubSpot by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock worth $469,987,000 after purchasing an additional 24,799 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock worth $303,689,000 after purchasing an additional 86,688 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in HubSpot by 8.2% during the third 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 buying an additional 40,138 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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HubSpot Stock Down 8.7 %

NYSE:HUBS traded down $55.54 during mid-day trading on Monday, hitting $584.67. 1,255,830 shares of the company traded hands, compared to its average volume of 539,500. The stock's fifty day moving average price is $735.56 and its 200-day moving average price is $649.02. The firm has a market cap of $30.49 billion, a price-to-earnings ratio of 6,497.09, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HUBS shares. The Goldman Sachs Group upped their target price on shares of HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price target on HubSpot from $835.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price target for the company in a report on Thursday, February 13th. Citigroup upped their price target on shares of HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group upped their target price on shares of HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Five 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $863.96.

Insider Transactions at HubSpot

In other news, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $690.00, for a total transaction of $394,680.00. Following the transaction, the director now owns 1,697 shares of the company's stock, valued at approximately $1,170,930. This represents a 25.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owns 524,751 shares in the company, valued at approximately $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,997 shares of company stock worth $35,796,526. 4.50% of the stock is currently owned by company insiders.

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.