Vestcor Inc Grows Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Vestcor Inc lifted its position in HubSpot, Inc. (NYSE:HUBS) by 283.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,382 shares of the software maker’s stock after purchasing an additional 2,499 shares during the quarter. Vestcor Inc’s holdings in HubSpot were worth $2,356,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of HUBS. Wellington Management Group LLP grew its holdings in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of HubSpot by 2.5% in the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after buying an additional 19,974 shares during the period. Bank of New York Mellon Corp boosted its holdings in HubSpot by 3.8% during 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 acquiring an additional 24,799 shares during the period. Massachusetts Financial Services Co. MA grew its position in 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in HubSpot by 8.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock worth $280,186,000 after purchasing an additional 40,138 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HUBS shares. Redburn Atlantic began coverage on HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Bank of America upped their price objective on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets upped their price target on HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Jefferies Financial Group increased their price objective on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group boosted their target price on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $863.96.

HubSpot Price Performance

HUBS opened at $609.73 on Friday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a 50-day moving average price of $725.59 and a 200-day moving average price of $650.40. The firm has a market cap of $31.80 billion, a PE ratio of 6,775.49, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last issued its 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%. As a group, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $690.00, for a total transaction of $394,680.00. Following the sale, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. The trade was a 25.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,997 shares of company stock worth $35,796,526. 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.