Mitsubishi UFJ Asset Management Co. Ltd. Acquires 2,305 Shares of HubSpot, Inc. (NYSE:HUBS)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in HubSpot, Inc. (NYSE:HUBS) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,401 shares of the software maker’s stock after acquiring an additional 2,305 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of HubSpot worth $24,179,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of HubSpot by 52.2% in 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 purchasing an additional 480,796 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of HubSpot during the 4th quarter worth about $157,019,000. Wealthfront Advisers LLC boosted its stake in shares of HubSpot by 3,090.2% during 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. Proficio Capital Partners LLC acquired a new position in shares of HubSpot during the 4th quarter valued at about $79,135,000. Finally, State of Michigan Retirement System raised its stake in shares of HubSpot by 87.7% in the 4th quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker’s stock valued at $74,136,000 after acquiring an additional 49,700 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Trading Down 2.0 %

Shares of HUBS opened at $581.45 on Monday. The stock has a market cap of $30.32 billion, a PE ratio of 6,461.31, a PEG ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a 50 day simple moving average of $705.35 and a 200-day simple moving average of $660.14.

HubSpot (NYSE:HUBS) last released 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, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HUBS shares. Jefferies Financial Group upped their target price on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and lifted their target price for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Redburn Atlantic initiated coverage on shares of HubSpot in a report on Wednesday, February 19th. They set a “buy” rating for the company. Needham & Company LLC lifted their price objective on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Sanford C. Bernstein initiated coverage on HubSpot in a research report on Thursday, March 20th. They set a “market perform” rating and a $693.00 price objective for the company. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $848.58.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of HubSpot 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 completion of the transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,853 shares of company stock valued at $15,453,396 in the last ninety days. Insiders own 4.50% of the company’s stock.

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.