Mitsubishi UFJ Trust & Banking Corp Lowers Holdings in HubSpot, Inc. $HUBS

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in HubSpot, Inc. (NYSE:HUBS) by 34.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,368 shares of the software maker’s stock after selling 13,556 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in HubSpot were worth $10,180,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in HUBS. Pictet Asset Management Holding SA boosted its holdings in HubSpot by 32.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock valued at $776,714,000 after purchasing an additional 476,740 shares during the last quarter. Vanguard Group Inc. boosted its holdings in HubSpot by 6.4% in the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after purchasing an additional 345,524 shares during the last quarter. AQR Capital Management LLC boosted its holdings in HubSpot by 89.2% in the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock valued at $255,623,000 after purchasing an additional 257,577 shares during the last quarter. Atreides Management LP purchased a new stake in HubSpot in the third quarter valued at $113,878,000. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new stake in HubSpot in the third quarter valued at $99,737,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $262.75, for a total value of $2,233,375.00. Following the completion of the transaction, the director owned 370,558 shares in the company, valued at approximately $97,364,114.50. This represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was 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 trade represents a 7.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,483 shares of company stock valued at $6,585,062. Insiders own 4.00% of the company’s stock.

HubSpot Stock Performance

Shares of HubSpot stock opened at $240.09 on Friday. The firm has a 50-day simple moving average of $242.77 and a two-hundred day simple moving average of $323.93. The company has a market cap of $12.36 billion, a P/E ratio of 275.96, a price-to-earnings-growth ratio of 3.03 and a beta of 1.44. HubSpot, Inc. has a fifty-two week low of $187.45 and a fifty-two week high of $682.57.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.32 earnings per share. Equities research analysts forecast that HubSpot, Inc. will post 3.66 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on HUBS. Bank of America began coverage on shares of HubSpot in a report on Tuesday, March 31st. They issued a “buy” rating and a $300.00 price target on the stock. Citigroup lowered their price target on shares of HubSpot from $368.00 to $321.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group lowered their price target on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. JPMorgan Chase & Co. lowered their price target on shares of HubSpot from $650.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a report on Friday, January 9th. Twenty-five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $388.07.

HubSpot Company Profile

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.