Massachusetts Financial Services Co. MA Raises Holdings in HubSpot, Inc. (NYSE:HUBS)

Massachusetts Financial Services Co. MA increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 0.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 484,586 shares of the software maker’s stock after purchasing an additional 3,775 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in HubSpot were worth $285,804,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in HubSpot by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after acquiring an additional 119,999 shares during the period. Hsbc Holdings PLC lifted its stake in HubSpot by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after purchasing an additional 2,057 shares in the last quarter. Stifel Financial Corp lifted its stake in HubSpot by 15.1% during the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after purchasing an additional 4,371 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in HubSpot by 74.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock worth $2,117,000 after purchasing an additional 1,560 shares in the last quarter. Finally, M&G Plc acquired a new position in HubSpot during the first quarter worth $8,533,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Performance

Shares of HUBS stock opened at $495.37 on Tuesday. The stock’s 50-day moving average is $489.10 and its two-hundred day moving average is $568.89. The firm has a market cap of $25.25 billion, a price-to-earnings ratio of -186.93, a PEG ratio of 3,140.82 and a beta of 1.63. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company posted ($1.17) earnings per share. As a group, research analysts predict that HubSpot, Inc. will post 0.01 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the transaction, the chief executive officer now owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares in the company, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,012 shares of company stock valued at $21,300,253. 4.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on HUBS. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a research note on Thursday, August 8th. BMO Capital Markets decreased their price target on HubSpot from $635.00 to $570.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Bank of America decreased their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company reduced their price objective on HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Raymond James reduced their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $610.79.

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.