HubSpot, Inc. (NYSE:HUBS) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 2.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 638 shares of the software maker’s stock after acquiring an additional 15 shares during the quarter. First Horizon Advisors Inc.’s holdings in HubSpot were worth $445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP increased its position in shares of HubSpot by 52.2% in the third 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 increased its position 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 buying an additional 19,974 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after buying an additional 86,688 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of HubSpot by 8.2% in the third 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 buying an additional 40,138 shares in the last quarter. Finally, Holocene Advisors LP increased its position in shares of HubSpot by 17.5% in the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after buying an additional 47,736 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,112 shares of company stock valued at $35,878,612 in the last quarter. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HUBS shares. BMO Capital Markets boosted their price objective on HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Evercore ISI boosted their price target on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Raymond James boosted their price target on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Canaccord Genuity Group boosted their price target on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Stock Down 0.4 %

Shares of HubSpot stock opened at $723.26 on Tuesday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The business’s fifty day simple moving average is $739.45 and its 200-day simple moving average is $635.73. The firm has a market cap of $37.72 billion, a PE ratio of 8,037.08, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS) 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.