Frontier Capital Management Co. LLC Purchases 23,750 Shares of HubSpot, Inc. (NYSE:HUBS)

Frontier Capital Management Co. LLC grew its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 25.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,279 shares of the software maker's stock after buying an additional 23,750 shares during the quarter. HubSpot accounts for 0.8% of Frontier Capital Management Co. LLC's holdings, making the stock its 26th largest holding. Frontier Capital Management Co. LLC owned about 0.22% of HubSpot worth $80,323,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HUBS. B.O.S.S. Retirement Advisors LLC acquired a new stake in HubSpot in the fourth quarter valued at approximately $1,361,000. Oak Harvest Investment Services acquired a new position in HubSpot in the fourth quarter valued at approximately $2,065,000. Donoghue Forlines LLC purchased a new stake in HubSpot in the 4th quarter worth approximately $2,049,000. Mayflower Financial Advisors LLC purchased a new position in shares of HubSpot during the 4th quarter valued at approximately $862,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of HubSpot by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker's stock valued at $2,262,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

NYSE:HUBS traded down $58.05 during midday trading on Friday, reaching $602.31. 1,797,313 shares of the company traded hands, compared to its average volume of 616,577. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The company has a fifty day moving average price of $584.93 and a 200 day moving average price of $667.48. The firm has a market capitalization of $31.70 billion, a price-to-earnings ratio of 6,693.08, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Scotiabank reduced their price target on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 24th. Redburn Atlantic assumed coverage on HubSpot in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. The Goldman Sachs Group dropped their price target on HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research report on Friday. Stephens began coverage on HubSpot in a report on Wednesday, March 19th. They set an "overweight" rating and a $769.00 price target on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of HubSpot in a research report on Thursday, March 20th. They set a "market perform" rating and a $693.00 price target on the stock. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus price target of $772.56.

Insider Activity

In related news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the sale, the insider now owns 525,687 shares in the company, valued at $283,135,018.20. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock worth $18,401,757 in the last 90 days. Company insiders own 4.50% of the company's stock.

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.