National Pension Service Sells 753 Shares of HubSpot, Inc. (NYSE:HUBS)

National Pension Service cut its position in HubSpot, Inc. (NYSE:HUBS) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,158 shares of the software maker’s stock after selling 753 shares during the quarter. National Pension Service owned about 0.14% of HubSpot worth $48,884,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after acquiring an additional 480,796 shares during the period. Geode Capital Management LLC increased its holdings in HubSpot by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after purchasing an additional 19,974 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after purchasing an additional 24,799 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after purchasing an additional 86,688 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of HubSpot by 8.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after buying an additional 40,138 shares during the period. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

Shares of HUBS stock opened at $712.63 on Friday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock’s 50-day moving average is $739.58 and its 200 day moving average is $638.60. The company has a market cap of $37.17 billion, a P/E ratio of 7,919.00, a PEG ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data 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 negative return on equity of 0.07% and a net margin of 0.17%. On average, analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HUBS shares. Citigroup increased their price target on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. William Blair restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Evercore ISI raised their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley increased their price target on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the transaction, the insider now owns 513,698 shares in the company, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock valued at $35,878,612 over the last ninety days. Insiders own 4.50% of the company’s stock.

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.