HubSpot, Inc. (NYSE:HUBS) Stock Holdings Decreased by Kestra Investment Management LLC

Kestra Investment Management LLC trimmed its position in HubSpot, Inc. (NYSE:HUBS) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296 shares of the software maker’s stock after selling 137 shares during the quarter. Kestra Investment Management LLC’s holdings in HubSpot were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of HUBS. Wellington Management Group LLP boosted its stake 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 valued at $745,410,000 after purchasing 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 worth $435,184,000 after buying an additional 19,974 shares during the period. Massachusetts Financial Services Co. MA grew 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 worth $303,689,000 after buying an additional 86,688 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 acquiring an additional 40,138 shares during the period. Finally, Holocene Advisors LP increased its position 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 acquiring an additional 47,736 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was 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 $425,048,310. This represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

HubSpot Trading Down 3.0 %

HUBS stock opened at $748.14 on Friday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The firm has a 50-day moving average of $739.56 and a two-hundred day moving average of $628.81. The firm has a market capitalization of $39.02 billion, a PE ratio of 8,313.56, a P/E/G ratio of 44.50 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released 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 net margin of 0.17% and a negative return on equity of 0.07%. On average, equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com raised HubSpot from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Royal Bank of Canada increased their target price on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Morgan Stanley raised their target price on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Scotiabank upped their price target on shares of HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets raised their price objective on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $863.96.

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.