HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,477,190 shares of the software maker's stock after acquiring an additional 74,990 shares during the period. Wellington Management Group LLP owned about 2.83% of HubSpot worth $1,029,262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot in the third quarter worth about $25,000. Larson Financial Group LLC raised its holdings in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after purchasing an additional 19 shares during the period. Bank of Jackson Hole Trust bought a new position in shares of HubSpot during the fourth quarter valued at approximately $35,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in HubSpot during the fourth quarter valued at approximately $36,000. Institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

HUBS stock traded down $27.00 during midday trading on Friday, hitting $500.79. 1,393,357 shares of the stock traded hands, compared to its average volume of 604,703. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock's fifty day simple moving average is $688.31 and its 200-day simple moving average is $661.13. The firm has a market cap of $26.12 billion, a P/E ratio of 5,564.93, a PEG ratio of 41.44 and a beta of 1.82.

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HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. On average, research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HUBS shares. Morgan Stanley increased their target price on HubSpot from $835.00 to $898.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. UBS Group upgraded HubSpot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group increased their price target on shares of HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. TD Cowen cut shares of HubSpot from a "buy" rating to a "hold" rating and increased their target price for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Oppenheimer raised their price objective on HubSpot from $850.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and an average price target of $848.58.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,382 shares of company stock valued at $13,415,657. 4.50% of the stock is 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.