Bamco Inc. NY Cuts Stake in HubSpot, Inc. (NYSE:HUBS)

Bamco Inc. NY reduced its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,957 shares of the software maker's stock after selling 1,969 shares during the quarter. Bamco Inc. NY owned 0.07% of HubSpot worth $25,054,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of HubSpot by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock valued at $1,029,262,000 after purchasing an additional 74,990 shares in the last quarter. Geode Capital Management LLC increased its holdings in HubSpot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after buying an additional 9,922 shares during the period. Groupama Asset Managment raised its stake in HubSpot by 3.8% in the fourth quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock worth $506,412,000 after buying an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in HubSpot by 18.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after buying an additional 104,800 shares during the period. Finally, Bank of New York Mellon Corp boosted its position 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 acquiring an additional 24,799 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Price Performance

Shares of HubSpot stock opened at $637.36 on Monday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market cap of $33.55 billion, a PE ratio of 7,082.56, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The firm has a fifty day moving average price of $592.37 and a 200 day moving average price of $664.80.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on HUBS shares. Needham & Company LLC boosted their price target on HubSpot from $730.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. UBS Group upgraded shares of HubSpot from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $775.00 to $675.00 in a report on Tuesday, April 15th. Jefferies Financial Group lowered their price target on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus set a $750.00 price objective on shares of HubSpot in a research note on Friday, April 25th. Finally, The Goldman Sachs Group raised their target price on shares of HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus target price of $777.44.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the transaction, the insider now directly owns 525,687 shares of the company's stock, valued at $283,135,018.20. This represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the sale, the chief executive officer now directly owns 71,693 shares in the company, valued at $43,015,800. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock valued at $18,401,757 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

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.

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