Alliancebernstein L.P. Increases Holdings in HubSpot, Inc. (NYSE:HUBS)

Alliancebernstein L.P. increased its holdings in HubSpot, Inc. (NYSE:HUBS) by 61.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 286,327 shares of the software maker’s stock after acquiring an additional 109,449 shares during the quarter. Alliancebernstein L.P.’s holdings in HubSpot were worth $199,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Melqart Asset Management UK Ltd raised its stake in shares of HubSpot by 15.2% during the third quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock valued at $18,010,000 after acquiring an additional 4,468 shares during the last quarter. Bamco Inc. NY grew its stake in shares of HubSpot by 19.6% in the 3rd quarter. Bamco Inc. NY now owns 37,926 shares of the software maker’s stock worth $20,161,000 after buying an additional 6,215 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in HubSpot by 4.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker’s stock valued at $10,323,000 after buying an additional 772 shares during the last quarter. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of HubSpot during the fourth quarter valued at approximately $1,361,000. Finally, Geode Capital Management LLC boosted its stake in HubSpot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after purchasing an additional 19,974 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Up 1.9 %

HUBS stock opened at $582.30 on Wednesday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock has a market cap of $30.37 billion, a PE ratio of 6,470.73, a P/E/G ratio of 41.44 and a beta of 1.80. The company has a 50-day moving average price of $699.84 and a 200 day moving average price of $661.33.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,853 shares of company stock worth $15,453,396. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HUBS shares. Stifel Nicolaus lifted their price objective on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group raised their price objective on shares of HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Bank of America upped their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Raymond James raised their price objective on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley raised their price objective on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $848.58.

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.