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

Vanguard Group Inc. decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,044,740 shares of the software maker’s stock after selling 10,777 shares during the quarter. Vanguard Group Inc. owned 9.77% of HubSpot worth $3,515,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after buying an additional 13 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after acquiring an additional 15 shares during the period. Amalgamated Bank grew its position in HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after purchasing an additional 16 shares during the last quarter. Avitas Wealth Management LLC increased its stake in HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 17 shares during the period. Finally, Principal Securities Inc. increased its position in shares of HubSpot by 17.2% during the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock valued at $81,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Up 3.3 %

Shares of HubSpot stock opened at $626.39 on Tuesday. The stock has a market cap of $32.67 billion, a P/E ratio of 6,960.61, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The business’s 50 day moving average is $713.86 and its 200-day moving average is $657.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 3,057 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 value of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares in the company, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares of the company’s stock, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,425 shares of company stock valued at $15,866,151 in the last three months. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent research reports. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Truist Financial reiterated a “buy” rating and set a $900.00 price target (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Stephens started coverage on HubSpot in a report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 price objective for the company. Citigroup lifted their target price on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company increased their price target on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $848.58.

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.