Vanguard Group Inc. Has $3.52 Billion Position in HubSpot, Inc. (NYSE:HUBS)

Vanguard Group Inc. lowered its position in shares of HubSpot, Inc. (NYSE:HUBS) by 0.2% during the fourth quarter, HoldingsChannel reports. The fund owned 5,044,740 shares of the software maker’s stock after selling 10,777 shares during the quarter. Vanguard Group Inc. owned about 0.10% of HubSpot worth $3,515,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HUBS. Paces Ferry Wealth Advisors LLC increased its holdings in HubSpot by 50.4% in the fourth quarter. Paces Ferry Wealth Advisors LLC now owns 770 shares of the software maker’s stock valued at $537,000 after purchasing an additional 258 shares during the period. LPL Financial LLC increased its stake in HubSpot by 5.2% in the fourth quarter. LPL Financial LLC now owns 31,805 shares of the software maker’s stock valued at $22,161,000 after purchasing an additional 1,576 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in HubSpot during the 4th quarter worth approximately $17,175,000. Vestor Capital LLC acquired a new position in shares of HubSpot during the fourth quarter worth approximately $5,470,000. Finally, Quantbot Technologies LP acquired a new position in HubSpot during the fourth quarter worth $359,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HUBS shares. Mizuho raised their price objective on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Wells Fargo & Company increased their price objective on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Raymond James boosted their price target on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Truist Financial reissued a “buy” rating and set a $900.00 price objective (up previously from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Finally, TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and increased their target price for the stock from $680.00 to $725.00 in a research note 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $848.58.

Insider Activity

In related news, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $721.60, for a total value of $412,755.20. Following the sale, the director now directly owns 1,125 shares in the company, valued at $811,800. The trade was a 33.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,425 shares of company stock worth $15,866,151 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

HubSpot Trading Up 3.3 %

HubSpot stock opened at $626.39 on Tuesday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 6,960.61, a PEG ratio of 41.44 and a beta of 1.80. The stock has a fifty day simple moving average of $713.86 and a two-hundred day simple moving average of $657.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

HubSpot Company 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.