Wasatch Advisors LP Has $3.52 Million Position in HubSpot, Inc. (NYSE:HUBS)

Wasatch Advisors LP lowered its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 17.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,044 shares of the software maker's stock after selling 1,097 shares during the quarter. Wasatch Advisors LP's holdings in HubSpot were worth $3,515,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of HubSpot by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock valued at $1,029,262,000 after purchasing an additional 74,990 shares during the period. Geode Capital Management LLC boosted its holdings in HubSpot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after purchasing an additional 9,922 shares during the period. Groupama Asset Managment lifted its holdings in HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after purchasing an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in HubSpot by 18.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock valued at $471,068,000 after buying an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of HubSpot by 3.8% during 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 buying an additional 24,799 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Trading Down 0.9 %

Shares of HUBS traded down $5.06 during mid-day trading on Friday, reaching $538.98. The company's stock had a trading volume of 384,223 shares, compared to its average volume of 618,660. The stock has a market cap of $28.11 billion, a P/E ratio of 5,989.35, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The business has a 50-day simple moving average of $627.88 and a two-hundred day simple moving average of $660.10.

HubSpot (NYSE:HUBS - Get Free Report) last released 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%. Research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Scotiabank lifted their price objective on HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a research report on Thursday, February 13th. Needham & Company LLC upped their target price on shares of HubSpot from $730.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Stephens assumed coverage on HubSpot in a report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price objective on the stock. Redburn Atlantic started coverage on HubSpot in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, Macquarie began coverage on HubSpot in a research note on Monday, March 24th. They set an "outperform" rating and a $730.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and an average price target of $818.04.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the 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. This represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares in the company, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,882 shares of company stock worth $17,993,757. Corporate insiders own 4.50% of the company's stock.

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.