Mitsubishi UFJ Trust & Banking Corp Sells 13,556 Shares of HubSpot, Inc. $HUBS

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its stake in HubSpot by 34.8%, selling 13,556 shares in Q4 and now holds 25,368 shares worth about $10.18 million.
• Analysts have reduced price targets recently, but the stock retains a consensus rating of "Moderate Buy" with an average price target of $388.07.
• Institutional investors own 90.39% of HubSpot; Pictet increased its position to 1,935,587 shares, while insiders have been net sellers, offloading 26,483 shares worth about $6.59 million in the past three months.

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 34.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,368 shares of the software maker's stock after selling 13,556 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in HubSpot were worth $10,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. M&T Bank Corp raised its stake in HubSpot by 19.7% in the fourth quarter. M&T Bank Corp now owns 2,705 shares of the software maker's stock worth $1,085,000 after buying an additional 446 shares in the last quarter. Washington Capital Management Inc. raised its stake in HubSpot by 35.0% in the fourth quarter. Washington Capital Management Inc. now owns 1,350 shares of the software maker's stock worth $542,000 after buying an additional 350 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of HubSpot by 32.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker's stock worth $776,714,000 after purchasing an additional 476,740 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of HubSpot by 88.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,392 shares of the software maker's stock worth $559,000 after purchasing an additional 655 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its position in shares of HubSpot by 7.5% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 4,396 shares of the software maker's stock worth $1,765,000 after purchasing an additional 308 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

HUBS has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price target on HubSpot from $375.00 to $325.00 and set a "buy" rating on the stock in a research report on Thursday, April 2nd. Needham & Company LLC reduced their price target on HubSpot from $700.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. Oppenheimer reduced their price target on HubSpot from $550.00 to $350.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 4th. Wall Street Zen downgraded HubSpot from a "strong-buy" rating to a "buy" rating in a research report on Sunday, April 19th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of HubSpot in a research report on Friday, January 9th. Twenty-five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus price target of $388.07.

HubSpot Price Performance

Shares of HUBS opened at $240.09 on Friday. The firm has a market capitalization of $12.36 billion, a PE ratio of 275.96, a price-to-earnings-growth ratio of 3.03 and a beta of 1.44. HubSpot, Inc. has a 1-year low of $187.45 and a 1-year high of $682.57. The company's fifty day moving average price is $242.77 and its 200-day moving average price is $323.93.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $0.10. The firm had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.32 earnings per share. As a group, research analysts anticipate that HubSpot, Inc. will post 3.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Erika Ashley Fisher sold 841 shares of the business's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider directly owned 10,119 shares of the company's stock, valued at $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Halligan sold 8,292 shares of the business's stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $230.72, for a total transaction of $1,913,130.24. Following the sale, the director directly owned 362,000 shares in the company, valued at $83,520,640. This trade represents a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,483 shares of company stock worth $6,585,062 over the last three months. Corporate insiders own 4.00% of the company's stock.

HubSpot 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.

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