USS Investment Management Ltd Sells 1,269 Shares of HubSpot, Inc. (NYSE:HUBS)

USS Investment Management Ltd decreased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,754 shares of the software maker's stock after selling 1,269 shares during the period. USS Investment Management Ltd's holdings in HubSpot were worth $6,094,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HUBS. Wellington Management Group LLP lifted its stake in HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock worth $1,029,262,000 after purchasing an additional 74,990 shares during the last quarter. Geode Capital Management LLC lifted its stake in HubSpot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock worth $577,572,000 after purchasing an additional 9,922 shares during the last quarter. Groupama Asset Managment lifted its stake in HubSpot by 3.8% during the fourth quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock worth $506,412,000 after purchasing an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in HubSpot by 18.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after purchasing an additional 104,800 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in HubSpot by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock worth $469,987,000 after purchasing an additional 24,799 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HUBS. Truist Financial decreased their price objective on HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Piper Sandler lifted their price objective on HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Mizuho reduced their price target on HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Oppenheimer boosted their price target on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Stephens assumed coverage on HubSpot in a report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $767.33.

HubSpot Trading Up 1.3%

HUBS stock traded up $7.73 during midday trading on Wednesday, hitting $624.20. The company's stock had a trading volume of 117,700 shares, compared to its average volume of 621,123. The company has a market cap of $32.92 billion, a PE ratio of 6,932.27, a P/E/G ratio of 41.44 and a beta of 1.78. The firm's 50-day moving average is $591.18 and its 200-day moving average is $672.64. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

Insider Buying and Selling at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, March 18th. The stock was 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 in the company, valued at approximately $320,283,502.84. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now owns 71,693 shares in the company, valued at $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. In the last ninety days, insiders sold 20,062 shares of company stock worth $11,516,757. Insiders own 4.50% of the company's stock.

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.