HubSpot, Inc. (NYSE:HUBS) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its position in shares of HubSpot, Inc. (NYSE:HUBS) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 1,093,037 shares of the software maker’s stock after selling 31,834 shares during the quarter. Clearbridge Investments LLC’s holdings in HubSpot were worth $761,595,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Townsquare Capital LLC grew its holdings in shares of HubSpot by 93.1% during the third quarter. Townsquare Capital LLC now owns 668 shares of the software maker’s stock worth $355,000 after buying an additional 322 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of HubSpot in the 3rd quarter valued at approximately $509,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of HubSpot by 1.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,264 shares of the software maker’s stock valued at $15,025,000 after purchasing an additional 340 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of HubSpot by 8.2% in the third 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 during the period. Finally, Vinva Investment Management Ltd raised its stake in shares of HubSpot by 31.9% during the third quarter. Vinva Investment Management Ltd now owns 3,501 shares of the software maker’s stock worth $1,877,000 after purchasing an additional 846 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Macquarie started coverage on shares of HubSpot in a research note on Monday, March 24th. They set an “outperform” rating and a $730.00 price target on the stock. William Blair restated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Sanford C. Bernstein began coverage on HubSpot in a research report on Thursday, March 20th. They set a “market perform” rating and a $693.00 target price on the stock. Finally, Redburn Atlantic initiated coverage on HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $848.58.

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the firm’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,853 shares of company stock worth $15,453,396. 4.50% of the stock is currently owned by company insiders.

HubSpot Stock Down 2.0 %

Shares of HUBS opened at $581.45 on Friday. The firm has a market cap of $30.32 billion, a PE ratio of 6,461.31, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The company’s fifty day moving average is $705.35 and its two-hundred day moving average is $659.01. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS) last issued its 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

About HubSpot

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.