Rhumbline Advisers Sells 623 Shares of HubSpot, Inc. (NYSE:HUBS)

Rhumbline Advisers reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,104 shares of the software maker's stock after selling 623 shares during the period. Rhumbline Advisers owned about 0.13% of HubSpot worth $46,756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock worth $745,410,000 after buying an additional 480,796 shares during the period. Geode Capital Management LLC boosted its holdings in HubSpot by 2.5% in the 3rd 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 period. Massachusetts Financial Services Co. MA boosted its holdings in HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock valued at $303,689,000 after purchasing an additional 86,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 purchasing an additional 40,138 shares during the period. Finally, Holocene Advisors LP boosted its holdings in HubSpot by 17.5% in the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker's stock valued at $169,988,000 after purchasing an additional 47,736 shares during the period. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Canaccord Genuity Group raised their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Morgan Stanley raised their price target on shares of HubSpot from $835.00 to $898.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Redburn Atlantic assumed coverage on shares of HubSpot in a report on Wednesday. They issued a "buy" rating for the company. JPMorgan Chase & Co. raised their price target on shares of HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, Oppenheimer raised their price target on shares of HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus price target of $863.96.

HubSpot Price Performance

HubSpot stock traded down $21.57 during trading hours on Friday, reaching $726.43. The stock had a trading volume of 821,210 shares, compared to its average volume of 505,714. The stock has a market cap of $37.88 billion, a PE ratio of 8,072.32, a PEG ratio of 42.71 and a beta of 1.72. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The company has a fifty day simple moving average of $739.84 and a 200-day simple moving average of $629.64.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly 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 predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the sale, the chief financial officer now owns 38,560 shares of the company's stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the sale, the insider now directly owns 513,698 shares in the company, valued at $374,819,745.70. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,112 shares of company stock valued at $35,878,612 in the last quarter. Insiders own 4.50% of the company's stock.

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.