DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Purchases 845 Shares of HubSpot, Inc. (NYSE:HUBS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 49.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,539 shares of the software maker's stock after acquiring an additional 845 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in HubSpot were worth $1,769,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of 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 period. Geode Capital Management LLC raised its position in shares of 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 period. Groupama Asset Managment raised its position in shares of 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 period. Massachusetts Financial Services Co. MA raised its position in shares of 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 period. Finally, Bank of New York Mellon Corp raised its position in shares of 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 period. Institutional investors own 90.39% of the company's stock.

HubSpot Trading Down 0.6%

Shares of HUBS traded down $4.23 during trading hours on Wednesday, reaching $668.01. 703,783 shares of the stock traded hands, compared to its average volume of 619,772. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The company's 50-day moving average price is $584.66 and its two-hundred day moving average price is $668.97. The company has a market cap of $35.16 billion, a P/E ratio of 7,423.16, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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, research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HUBS. Jefferies Financial Group lowered their price objective on shares of HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. 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. Redburn Atlantic initiated coverage on HubSpot in a report on Wednesday, February 19th. They issued a "buy" rating for the company. BMO Capital Markets lowered their target price on HubSpot from $885.00 to $745.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley increased their price target on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $767.33.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 2,382 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were 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 directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated 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 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. Insiders have sold a total of 28,562 shares of company stock worth $18,401,757 in the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

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.