Massachusetts Financial Services Co. MA Sells 581,433 Shares of HubSpot, Inc. $HUBS

Massachusetts Financial Services Co. MA cut its position in HubSpot, Inc. (NYSE:HUBS) by 86.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,764 shares of the software maker’s stock after selling 581,433 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.17% of HubSpot worth $41,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new position in shares of HubSpot in the second quarter worth $27,000. Whittier Trust Co. grew its position in HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Rakuten Securities Inc. increased its stake in HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of HubSpot in the 2nd quarter valued at about $32,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of HubSpot during the 2nd quarter valued at about $34,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HUBS has been the topic of several research analyst reports. Morgan Stanley decreased their price objective on shares of HubSpot from $640.00 to $577.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Zacks Research lowered shares of HubSpot from a “hold” rating to a “strong sell” rating in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $450.00 target price (down from $610.00) on shares of HubSpot in a research report on Monday, November 10th. Finally, Canaccord Genuity Group lowered their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $603.07.

HubSpot Trading Down 1.0%

HUBS opened at $301.82 on Thursday. HubSpot, Inc. has a 12 month low of $300.09 and a 12 month high of $881.13. The business’s 50-day moving average price is $373.14 and its 200-day moving average price is $444.98. The company has a market cap of $15.81 billion, a P/E ratio of -3,772.69, a P/E/G ratio of 7.21 and a beta of 1.46.

HubSpot (NYSE:HUBS) last issued its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.08. The company had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.HubSpot’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.18 EPS. Equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the completion of the sale, the director directly owned 496,308 shares in the company, valued at $182,140,072.92. This represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 17,235 shares of company stock valued at $6,364,276 over the last quarter. 4.00% of the stock is owned by insiders.

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.