Artisan Partners Limited Partnership Decreases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Artisan Partners Limited Partnership lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 341,521 shares of the software maker’s stock after selling 85,826 shares during the period. Artisan Partners Limited Partnership owned approximately 0.66% of HubSpot worth $237,962,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake 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 valued at $31,000 after purchasing an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the 3rd quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of HubSpot in the fourth quarter valued at about $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in HubSpot in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the sale, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. The trade was 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 accessible through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $721.60, for a total transaction of $412,755.20. Following the transaction, the director now owns 1,125 shares in the company, valued at approximately $811,800. This trade represents a 33.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,425 shares of company stock worth $15,866,151. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Mizuho increased their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Stephens started coverage on shares of HubSpot in a research note on Wednesday, March 19th. They set an “overweight” rating and a $769.00 target price for the company. Barclays raised shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective for the company in a research report on Wednesday, March 12th. Sanford C. Bernstein began coverage on HubSpot in a research note on Thursday, March 20th. They set a “market perform” rating and a $693.00 price target on the stock. Finally, Needham & Company LLC lifted their price objective on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $609.02 on Thursday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a market capitalization of $31.76 billion, a P/E ratio of 6,767.62, a P/E/G ratio of 41.44 and a beta of 1.80. The company’s fifty day moving average price is $710.31 and its 200 day moving average price is $657.69.

HubSpot (NYSE:HUBS) 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 negative return on equity of 0.07% and a net margin of 0.17%. On average, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

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.