Bank of New York Mellon Corp Purchases 24,799 Shares of HubSpot, Inc. (NYSE:HUBS)

Bank of New York Mellon Corp boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 674,523 shares of the software maker’s stock after buying an additional 24,799 shares during the quarter. Bank of New York Mellon Corp’s holdings in HubSpot were worth $469,987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after acquiring an additional 86,688 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of HubSpot by 49.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock worth $110,489,000 after acquiring an additional 68,827 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of HubSpot by 191.6% during the 3rd quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock worth $38,754,000 after acquiring an additional 47,900 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in shares of HubSpot by 17.5% during the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after acquiring an additional 47,736 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the transaction, the insider now owns 513,698 shares in the company, valued at $374,819,745.70. This represents a 1.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is currently owned by company insiders.

HubSpot Trading Down 0.5 %

Shares of NYSE HUBS opened at $720.32 on Wednesday. The company has a market cap of $37.57 billion, a price-to-earnings ratio of 8,004.41, a PEG ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a 50-day moving average price of $739.03 and a two-hundred day moving average price of $637.48.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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, sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a research note on Thursday, February 13th. Truist Financial reissued a “buy” rating and issued a $900.00 target price (up from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and raised their target price for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Morgan Stanley raised their target price on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Raymond James raised their target price on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

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.