Federated Hermes Inc. Has $118.91 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Federated Hermes Inc. increased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 48.7% during the fourth quarter, Holdings Channel reports. The fund owned 170,663 shares of the software maker’s stock after acquiring an additional 55,870 shares during the quarter. Federated Hermes Inc.’s holdings in HubSpot were worth $118,913,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in HubSpot during the 4th quarter valued at $420,345,000. Wellington Management Group LLP grew its holdings in shares of HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares in the last quarter. Raymond James Financial Inc. acquired a new position in HubSpot during the fourth quarter valued at $157,019,000. Wealthfront Advisers LLC lifted its stake in HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after acquiring an additional 129,357 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in HubSpot during the 4th quarter worth about $79,135,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 5.1 %

NYSE:HUBS opened at $500.79 on Friday. The firm has a market capitalization of $26.12 billion, a PE ratio of 5,564.93, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The firm’s fifty day simple moving average is $688.31 and its 200 day simple moving average is $661.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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, analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the sale, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,382 shares of company stock valued at $13,415,657 in the last three months. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of research reports. Stephens assumed coverage on HubSpot in a report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. StockNews.com cut shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target on the stock in a research note on Thursday, February 13th. Finally, TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and lifted their price objective for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $848.58.

About HubSpot

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.