43,069 Shares in HubSpot, Inc. (NYSE:HUBS) Acquired by Woodline Partners LP

Woodline Partners LP acquired a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 43,069 shares of the software maker's stock, valued at approximately $30,009,000. Woodline Partners LP owned about 0.08% of HubSpot at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of HubSpot by 5.3% in 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 acquiring an additional 74,990 shares in the last quarter. Geode Capital Management LLC raised its stake in HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after purchasing an additional 9,922 shares during the last quarter. Groupama Asset Managment raised its stake in HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after purchasing an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in HubSpot by 18.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock valued at $471,068,000 after purchasing an additional 104,800 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after buying an additional 24,799 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HUBS shares. BMO Capital Markets lowered their price target on shares of HubSpot from $885.00 to $745.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Canaccord Genuity Group boosted 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. Barclays lowered their price target on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. UBS Group boosted their price target on shares of HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Morgan Stanley upped their target price on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Four 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. According to MarketBeat, HubSpot currently has an average rating of "Moderate Buy" and an average price target of $767.33.

HubSpot Stock Performance

HubSpot stock traded down $13.02 during trading hours on Friday, reaching $614.79. 432,204 shares of the company's stock traded hands, compared to its average volume of 622,781. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm has a market capitalization of $32.42 billion, a price-to-earnings ratio of 6,831.70, a PEG ratio of 41.44 and a beta of 1.78. The firm's 50 day moving average is $590.58 and its 200-day moving average is $672.61.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares in the company, valued at approximately $43,015,800. This represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the 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 completion of the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. This represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,062 shares of company stock worth $11,516,757. Company insiders own 4.50% of the company's stock.

About HubSpot

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.