USS Investment Management Ltd Trims Position in HubSpot, Inc. (NYSE:HUBS)

USS Investment Management Ltd lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 12.7% in the 4th quarter, according to its most recent disclosure 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of HUBS. Larson Financial Group LLC lifted its stake in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after acquiring an additional 19 shares during the period. Coppell Advisory Solutions LLC boosted its stake in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after acquiring an additional 22 shares during the period. Aster Capital Management DIFC Ltd grew its position in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after purchasing an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in HubSpot during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of HubSpot from $940.00 to $700.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Canaccord Genuity Group lifted their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, February 13th. BNP Paribas initiated coverage on shares of HubSpot in a report on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 price objective for the company. Raymond James restated an "outperform" rating and set a $825.00 price objective (down previously from $980.00) on shares of HubSpot in a research report on Friday, May 9th. Finally, Stifel Nicolaus set a $750.00 target price on HubSpot in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $767.33.

HubSpot Price Performance

Shares of HUBS stock traded up $2.62 during mid-day trading on Tuesday, hitting $617.54. 352,135 shares of the stock traded hands, compared to its average volume of 622,010. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The stock has a market cap of $32.57 billion, a P/E ratio of 6,861.41, a P/E/G ratio of 41.44 and a beta of 1.78. The stock's fifty day moving average is $590.80 and its two-hundred day moving average is $673.04.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on 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 sale, the insider now owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. The trade was a 1.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer now owns 71,693 shares of the company's stock, valued at $43,015,800. The trade was a 0.94% 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 over the last 90 days. 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.