UBS Group AG decreased its position in HubSpot, Inc. (NYSE:HUBS – Get Rating) by 21.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,221 shares of the software maker’s stock after selling 10,428 shares during the quarter. UBS Group AG owned about 0.08% of HubSpot worth $11,340,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Abdiel Capital Advisors LP purchased a new position in shares of HubSpot during the third quarter valued at $220,041,000. Durable Capital Partners LP acquired a new stake in shares of HubSpot in the first quarter worth $283,913,000. Tiger Global Management LLC acquired a new stake in HubSpot during the third quarter worth about $160,530,000. Clearbridge Investments LLC grew its position in HubSpot by 33.6% during the first quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock worth $535,934,000 after buying an additional 284,039 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of HubSpot by 176.1% in the 3rd quarter. Fisher Asset Management LLC now owns 327,696 shares of the software maker’s stock valued at $88,517,000 after buying an additional 208,992 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on HUBS shares. Needham & Company LLC raised their price objective on shares of HubSpot from $380.00 to $470.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Canaccord Genuity Group upped their price target on shares of HubSpot from $385.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. KeyCorp lifted their target price on HubSpot from $450.00 to $485.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. TheStreet raised HubSpot from a “d+” rating to a “c-” rating in a research note on Friday, May 5th. Finally, Raymond James lifted their target price on HubSpot from $360.00 to $500.00 and gave the company a “strong-buy” rating in a research note on Friday, February 17th. Three investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $428.04.
HubSpot Stock Up 2.9 %
HubSpot (NYSE:HUBS – Get Rating) last announced its earnings results on Wednesday, May 3rd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. HubSpot had a negative return on equity of 10.48% and a negative net margin of 7.71%. The business had revenue of $501.62 million for the quarter, compared to analyst estimates of $474.55 million. On average, sell-side analysts anticipate that HubSpot, Inc. will post -1.8 earnings per share for the current fiscal year.
In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $392.85, for a total value of $3,339,225.00. Following the transaction, the insider now owns 622,766 shares in the company, valued at approximately $244,653,623.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Kathryn Bueker sold 710 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $424.80, for a total value of $301,608.00. Following the sale, the chief financial officer now directly owns 41,124 shares of the company’s stock, valued at $17,469,475.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $392.85, for a total value of $3,339,225.00. Following the completion of the sale, the insider now directly owns 622,766 shares in the company, valued at $244,653,623.10. The disclosure for this sale can be found here. Insiders sold a total of 17,710 shares of company stock valued at $7,233,358 over the last three months. Insiders own 5.60% of the company’s stock.
HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.
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