HubSpot, Inc. (NYSE:HUBS) Stake Boosted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its stake in HubSpot, Inc. (NYSE:HUBS) by 18.3% during the 4th 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’s holdings in HubSpot were worth $471,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the third quarter worth about $25,000. Larson Financial Group LLC increased its stake in shares of HubSpot by 168.8% in the fourth 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 during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of HubSpot during the fourth quarter worth approximately $35,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in HubSpot in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,853 shares of company stock worth $15,453,396 in the last ninety days. Insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

NYSE HUBS opened at $593.97 on Thursday. The stock has a market capitalization of $30.98 billion, a PE ratio of 6,600.40, a P/E/G ratio of 41.44 and a beta of 1.82. The stock has a 50-day simple moving average of $697.10 and a 200 day simple moving average of $660.86. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data 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%. As a group, equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

HUBS has been the subject of several recent analyst reports. Mizuho increased their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Citigroup upped their price target on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler upped their target price on HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Truist Financial reiterated a “buy” rating and set a $900.00 price target (up from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Finally, Royal Bank of Canada raised their target price on HubSpot from $825.00 to $950.00 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, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.