Arrowstreet Capital Limited Partnership Buys Shares of 78,690 HubSpot, Inc. (NYSE:HUBS)

Arrowstreet Capital Limited Partnership purchased a new position in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,690 shares of the software maker’s stock, valued at approximately $54,829,000. Arrowstreet Capital Limited Partnership owned approximately 0.15% of HubSpot at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Allstate Corp purchased a new stake in HubSpot in the 4th quarter worth approximately $1,006,000. Orion Portfolio Solutions LLC increased its holdings in shares of HubSpot by 1.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 3,861 shares of the software maker’s stock worth $2,690,000 after purchasing an additional 66 shares during the period. Norges Bank purchased a new stake in shares of HubSpot in the fourth quarter worth $420,345,000. Loomis Sayles & Co. L P purchased a new stake in shares of HubSpot in the fourth quarter worth $82,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in HubSpot by 7.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,401 shares of the software maker’s stock valued at $24,179,000 after buying an additional 2,305 shares during the period. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

NYSE HUBS opened at $582.30 on Wednesday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market capitalization of $30.37 billion, a PE ratio of 6,470.73, a PEG ratio of 41.44 and a beta of 1.80. The business’s 50-day moving average is $699.84 and its 200 day moving average is $661.33.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. As a group, equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated 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 directly owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,853 shares of company stock worth $15,453,396. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank of Canada upped their target price on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Redburn Atlantic assumed coverage on shares of HubSpot in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. Scotiabank lifted their target price on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price target on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley raised their price objective on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Five equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

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.