Mitsubishi UFJ Asset Management Co. Ltd. Has $24.18 Million Position in HubSpot, Inc. (NYSE:HUBS)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 7.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,401 shares of the software maker’s stock after purchasing an additional 2,305 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in HubSpot were worth $24,179,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the 3rd quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new position in shares of HubSpot in the 4th quarter valued at about $35,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $36,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Down 2.0 %

NYSE HUBS opened at $581.45 on Monday. The firm’s 50 day moving average is $705.35 and its 200-day moving average is $660.14. The company has a market capitalization of $30.32 billion, a PE ratio of 6,461.31, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last issued 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HUBS shares. Raymond James raised their price objective on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Royal Bank of Canada increased their target price on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Macquarie started coverage on shares of HubSpot in a report on Monday, March 24th. They set an “outperform” rating and a $730.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now 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 at this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares of the company’s stock, valued at $320,283,502.84. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,853 shares of company stock valued at $15,453,396. Insiders own 4.50% of the company’s stock.

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.