Massachusetts Financial Services Co. MA Raises Holdings in HubSpot, Inc. (NYSE:HUBS)

Massachusetts Financial Services Co. MA raised its position in HubSpot, Inc. (NYSE:HUBS) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 676,074 shares of the software maker’s stock after purchasing an additional 104,800 shares during the period. Massachusetts Financial Services Co. MA owned 1.31% of HubSpot worth $471,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in HubSpot during the 4th quarter worth $420,345,000. Wellington Management Group LLP raised its stake in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares in the last quarter. Raymond James Financial Inc. purchased a new position in HubSpot in the fourth quarter worth $157,019,000. Wealthfront Advisers LLC increased its holdings in shares of HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after purchasing an additional 129,357 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at about $79,135,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $593.97 on Thursday. The company has a market cap of $30.98 billion, a P/E ratio of 6,600.40, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The business’s 50-day simple moving average is $697.10 and its 200 day simple moving average is $660.86.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. Analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the business’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 completion of the sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,853 shares of company stock valued at $15,453,396. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC lifted their price target on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Barclays raised HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective for the company in a report on Wednesday, March 12th. Scotiabank upped their target price on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target for the company in a research report on Thursday, February 13th. Finally, Truist Financial reiterated a “buy” rating and issued a $900.00 price objective (up from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.