Vanguard Group Inc. Reduces Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Vanguard Group Inc. decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,044,740 shares of the software maker's stock after selling 10,777 shares during the period. Vanguard Group Inc. owned approximately 9.77% of HubSpot worth $3,515,023,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in 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 last quarter. Raymond James Financial Inc. bought a new position in shares of HubSpot during the 4th quarter worth approximately $157,019,000. Wealthfront Advisers LLC boosted its stake in shares of HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock worth $93,049,000 after buying an additional 129,357 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of HubSpot in the fourth quarter valued at approximately $79,135,000. Finally, State of Michigan Retirement System boosted its position in HubSpot by 87.7% in the fourth quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker's stock worth $74,136,000 after purchasing an additional 49,700 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of recent analyst reports. Macquarie started coverage on HubSpot in a research note on Monday. They set an "outperform" rating and a $730.00 target price on the stock. Barclays upgraded shares of HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 target price on the stock in a research note on Wednesday, March 12th. Canaccord Genuity Group raised their price target on shares of HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Citigroup lifted their price target on shares of HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, UBS Group raised HubSpot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $848.58.

HubSpot Trading Down 2.0 %

Shares of HUBS traded down $11.96 during midday trading on Friday, reaching $581.45. The stock had a trading volume of 641,595 shares, compared to its average volume of 611,086. The company has a market capitalization of $30.32 billion, a price-to-earnings ratio of 6,461.31, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The company's 50-day moving average is $705.35 and its 200 day moving average is $657.85. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 1,796 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,853 shares of company stock worth $15,453,396. Company insiders own 4.50% of the company's stock.

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.