Comerica Bank Grows Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Comerica Bank boosted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,886 shares of the software maker's stock after acquiring an additional 501 shares during the quarter. Comerica Bank's holdings in HubSpot were worth $9,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUBS. AQR Capital Management LLC lifted its stake in HubSpot by 19.2% in the fourth quarter. AQR Capital Management LLC now owns 208,237 shares of the software maker's stock valued at $145,094,000 after acquiring an additional 33,566 shares during the last quarter. Lido Advisors LLC raised its position in shares of HubSpot by 78.8% during the fourth quarter. Lido Advisors LLC now owns 1,976 shares of the software maker's stock worth $1,377,000 after purchasing an additional 871 shares during the period. Northern Trust Corp grew its position in HubSpot by 18.0% in the fourth quarter. Northern Trust Corp now owns 345,535 shares of the software maker's stock valued at $240,758,000 after purchasing an additional 52,792 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $1,185,000. Finally, Nebula Research & Development LLC acquired a new position in shares of HubSpot in the fourth quarter valued at about $3,856,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares of the company's stock, valued at approximately $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at approximately $43,015,800. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock worth $18,401,757 in the last quarter. Company insiders own 4.50% of the company's stock.

HubSpot Trading Up 2.1 %

Shares of HUBS stock traded up $13.36 during trading hours on Wednesday, hitting $645.47. 423,938 shares of the company were exchanged, compared to its average volume of 620,100. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The business has a 50 day moving average of $589.16 and a two-hundred day moving average of $665.32. The company has a market capitalization of $33.97 billion, a PE ratio of 7,172.69, a PEG ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. On average, research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on HUBS. Raymond James increased their target price on shares of HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Morgan Stanley lowered their target price on HubSpot from $898.00 to $659.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group cut their target price on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. BNP Paribas began coverage on HubSpot in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 price objective for the company. Finally, Mizuho dropped their target price on HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $777.44.

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.