Massachusetts Financial Services Co. MA Grows Position in HubSpot, Inc. (NYSE:HUBS)

Massachusetts Financial Services Co. MA lifted its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 37.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 927,927 shares of the software maker's stock after buying an additional 251,853 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.78% of HubSpot worth $530,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in HubSpot in the 4th quarter valued at $420,345,000. GAMMA Investing LLC lifted its stake in HubSpot by 80,552.5% during the 1st quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock valued at $1,018,280,000 after acquiring an additional 178,021 shares in the last quarter. Alliancebernstein L.P. lifted its stake in HubSpot by 61.9% during the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker's stock valued at $199,504,000 after acquiring an additional 109,449 shares in the last quarter. Two Sigma Investments LP lifted its stake in HubSpot by 156.1% during the 4th quarter. Two Sigma Investments LP now owns 143,217 shares of the software maker's stock valued at $99,789,000 after acquiring an additional 87,298 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in HubSpot during the 4th quarter valued at $54,829,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

HUBS has been the topic of several recent analyst reports. Sanford C. Bernstein initiated coverage on HubSpot in a research note on Thursday, March 20th. They set a "market perform" rating and a $693.00 price objective on the stock. Scotiabank dropped their price objective on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Oppenheimer lifted their target price on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. UBS Group lifted their target price on HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $900.00 target price on shares of HubSpot in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus price target of $764.93.

HubSpot Price Performance

HUBS stock traded up $5.09 during mid-day trading on Wednesday, reaching $534.00. 193,089 shares of the company traded hands, compared to its average volume of 608,247. The company has a market capitalization of $28.16 billion, a P/E ratio of -1,186.69, a P/E/G ratio of 20.02 and a beta of 1.66. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a fifty day moving average price of $586.91 and a 200-day moving average price of $635.23.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the completion of the transaction, the director owned 523,984 shares of the company's stock, valued at approximately $287,158,951.52. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,178 shares of company stock valued at $6,720,521. 4.50% of the stock is owned by corporate 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.