UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 40,404 Shares of HubSpot, Inc. (NYSE:HUBS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,465 shares of the software maker's stock after acquiring an additional 40,404 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.10% of HubSpot worth $395,393,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Merit Financial Group LLC purchased a new stake in HubSpot during the 4th quarter valued at $603,000. MassMutual Private Wealth & Trust FSB raised its stake in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares during the last quarter. Ballentine Partners LLC raised its stake in HubSpot by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker's stock valued at $393,000 after buying an additional 25 shares during the last quarter. Sheets Smith Wealth Management purchased a new stake in HubSpot during the 4th quarter valued at $434,000. Finally, Mutual Advisors LLC purchased a new stake in HubSpot during the 4th quarter valued at $206,000. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares of the company's stock, valued at $41,536,312.16. This represents a 3.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares of the company's stock, valued at $320,283,502.84. This trade represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,062 shares of company stock valued at $11,516,757 in the last 90 days. Insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HUBS. Scotiabank decreased their target price on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Mizuho decreased their target price on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. William Blair reiterated an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. Barclays decreased their target price on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Finally, Macquarie started coverage on HubSpot in a research note on Monday, March 24th. They issued an "outperform" rating and a $730.00 price objective for the company. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $767.33.

HubSpot Stock Down 2.1%

HUBS stock traded down $13.02 during trading on Friday, reaching $614.79. The company's stock had a trading volume of 432,204 shares, compared to its average volume of 622,781. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a market capitalization of $32.42 billion, a P/E ratio of 6,831.70, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The company's fifty day moving average is $590.58 and its 200-day moving average is $672.61.

HubSpot 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.