Fisher Asset Management LLC Sells 2,389 Shares of HubSpot, Inc. (NYSE:HUBS)

Fisher Asset Management LLC lowered its position in HubSpot, Inc. (NYSE:HUBS) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 66,179 shares of the software maker’s stock after selling 2,389 shares during the quarter. Fisher Asset Management LLC’s holdings in HubSpot were worth $38,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of HUBS. Jennison Associates LLC increased its holdings in shares of HubSpot by 728.0% during the 3rd quarter. Jennison Associates LLC now owns 792,135 shares of the software maker’s stock worth $390,126,000 after acquiring an additional 696,469 shares during the last quarter. Wellington Management Group LLP boosted its position in HubSpot by 26.0% during the third quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after purchasing an additional 257,632 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of HubSpot by 552.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 241,203 shares of the software maker’s stock valued at $118,792,000 after purchasing an additional 204,241 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of HubSpot by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after purchasing an additional 166,381 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of HubSpot during the 4th quarter worth about $45,835,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 1.6 %

Shares of HUBS stock opened at $600.27 on Friday. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The stock’s fifty day moving average price is $628.44 and its two-hundred day moving average price is $563.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market cap of $30.56 billion, a PE ratio of -169.09 and a beta of 1.57.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The business had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. Equities analysts predict that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Dawson Alyssa Harvey sold 1,086 shares of HubSpot stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the sale, the insider now directly owns 7,783 shares in the company, valued at approximately $4,811,839.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,393 shares of company stock valued at $13,421,401. 4.90% of the stock is owned by insiders.

Analysts Set New Price Targets

HUBS has been the topic of a number of research reports. KeyCorp assumed coverage on shares of HubSpot in a research note on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price target on the stock. JPMorgan Chase & Co. increased their target price on HubSpot from $530.00 to $630.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. William Blair restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 15th. BMO Capital Markets upped their price objective on HubSpot from $540.00 to $710.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Finally, Stifel Nicolaus lifted their target price on HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average target price of $642.36.

HubSpot 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.