American Century Companies Inc. Has $131.16 Million Position in HubSpot, Inc. $HUBS

American Century Companies Inc. trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,358 shares of the software maker’s stock after selling 33,556 shares during the period. American Century Companies Inc. owned about 0.54% of HubSpot worth $131,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Goodman Advisory Group LLC acquired a new stake in shares of HubSpot during the 2nd quarter valued at about $27,000. Exane Asset Management bought a new stake in HubSpot in the third quarter worth approximately $30,000. Rakuten Securities Inc. increased its stake in shares of HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after purchasing an additional 47 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of HubSpot by 80.5% during the 3rd quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock valued at $33,000 after purchasing an additional 33 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of HubSpot in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,261 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $253.00, for a total value of $2,090,033.00. Following the sale, the director owned 481,168 shares of the company’s stock, valued at $121,735,504. The trade was a 1.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,691 shares of company stock worth $8,136,702. 4.00% of the stock is currently owned by company insiders.

HubSpot Price Performance

NYSE HUBS opened at $264.54 on Monday. The company’s fifty day moving average is $310.16 and its two-hundred day moving average is $394.75. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 304.07, a P/E/G ratio of 3.95 and a beta of 1.40. HubSpot, Inc. has a 52-week low of $207.20 and a 52-week high of $732.00.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The business had revenue of $846.75 million during the quarter, compared to analysts’ expectations of $830.65 million. During the same quarter last year, the company earned $2.32 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial reduced their price target on HubSpot from $650.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Bank of America decreased their target price on HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. The Goldman Sachs Group lowered their price target on HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. BTIG Research reduced their price objective on shares of HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, Canaccord Genuity Group set a $485.00 target price on shares of HubSpot in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $452.70.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.