UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $395.39 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

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

Several other hedge funds have also recently bought and sold shares of the business. Merit Financial Group LLC acquired a new position in HubSpot during the fourth quarter valued at approximately $603,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after buying an additional 19 shares during the period. Ballentine Partners LLC boosted its holdings in shares of HubSpot by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker's stock worth $393,000 after buying an additional 25 shares during the period. Sheets Smith Wealth Management acquired a new position in HubSpot in the 4th quarter valued at $434,000. Finally, Mutual Advisors LLC acquired a new position in HubSpot in the 4th quarter valued at $206,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. This trade represents a 1.59% decrease in their ownership of the stock. 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 ninety days. Insiders own 4.50% of the company's stock.

HubSpot Price Performance

Shares of HubSpot stock traded down $13.02 during midday trading on Monday, hitting $614.79. 432,204 shares of the company were exchanged, compared to its average volume of 622,986. The firm has a 50 day simple moving average of $590.58 and a 200-day simple moving average of $673.33. The firm has a market cap of $32.42 billion, a P/E ratio of 6,831.70, a PEG ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HUBS shares. Wells Fargo & Company decreased their price target on shares of HubSpot from $940.00 to $700.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Canaccord Genuity Group boosted their price objective on HubSpot from $710.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Scotiabank decreased their target price on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. KeyCorp raised HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price target on the stock in a research report on Thursday, February 13th. Finally, Mizuho cut their price target on HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and an average price target of $767.33.

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.