Artemis Investment Management LLP Has $15.95 Million Stake in HubSpot, Inc. (NYSE:HUBS)

Artemis Investment Management LLP lowered its position in shares of HubSpot, Inc. (NYSE:HUBS) by 4.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,884 shares of the software maker’s stock after selling 953 shares during the quarter. Artemis Investment Management LLP’s holdings in HubSpot were worth $15,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HUBS. Wellington Management Group LLP grew its holdings in HubSpot by 52.2% in 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 buying an additional 480,796 shares in the last quarter. Geode Capital Management LLC grew its stake 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 valued at $435,184,000 after acquiring an additional 19,974 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in HubSpot by 17.9% during the third 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 valued at $280,186,000 after purchasing an additional 40,138 shares during the period. Finally, Holocene Advisors LP grew its position 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 purchasing an additional 47,736 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the sale, the director now owns 1,697 shares in the company, valued at $1,170,930. The trade was a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock valued at $54,900,427 over the last 90 days. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. The Goldman Sachs Group lifted their price objective on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Evercore ISI upped their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Bank of America raised their price target on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $721.26.

HubSpot Trading Down 1.8 %

HubSpot stock opened at $704.08 on Friday. The stock has a 50-day moving average price of $713.49 and a two-hundred day moving average price of $586.06. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter last year, the business earned ($0.04) EPS. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

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.