Mitsubishi UFJ Trust & Banking Corp Sells 2,373 Shares of HubSpot, Inc. (NYSE:HUBS)

Mitsubishi UFJ Trust & Banking Corp decreased its position in HubSpot, Inc. (NYSE:HUBS) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,989 shares of the software maker’s stock after selling 2,373 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in HubSpot were worth $19,502,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HUBS. Wellington Management Group LLP boosted its position in HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 19,974 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in HubSpot by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock valued at $469,987,000 after purchasing an additional 24,799 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in HubSpot by 8.2% during the 3rd 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 purchasing an additional 40,138 shares in the last quarter. Finally, Holocene Advisors LP raised its position in HubSpot by 17.5% in the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after purchasing an additional 47,736 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HUBS. StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective for the company in a research report on Thursday, February 13th. Stephens initiated coverage on shares of HubSpot in a research report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 target price on the stock. Piper Sandler raised their price target on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group upped their price objective on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $848.58.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the sale, the chief financial officer now 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 through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. This trade represents 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 21,853 shares of company stock worth $15,453,396 over the last ninety days. Company insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of HubSpot stock opened at $593.32 on Friday. The company has a market capitalization of $30.94 billion, a P/E ratio of 6,593.13, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The business has a 50-day moving average of $707.81 and a two-hundred day moving average of $657.24. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last posted its 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 negative return on equity of 0.07% and a net margin of 0.17%. On average, equities analysts anticipate 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.