Marshall Wace LLP Reduces Position in HubSpot, Inc. (NYSE:HUBS)

Marshall Wace LLP reduced its position in HubSpot, Inc. (NYSE:HUBS) by 55.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 178,319 shares of the software maker’s stock after selling 223,424 shares during the period. Marshall Wace LLP’s holdings in HubSpot were worth $124,247,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the third quarter valued at approximately $25,000. Larson Financial Group LLC grew its position in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in HubSpot by 73.1% in the fourth 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 period. Aster Capital Management DIFC Ltd lifted its position in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after purchasing an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of HubSpot during the fourth quarter valued at $35,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HubSpot stock opened at $546.91 on Wednesday. The stock has a market cap of $28.52 billion, a PE ratio of 6,077.41, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The stock has a 50-day moving average of $642.64 and a two-hundred day moving average of $659.76. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data 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, sell-side analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred 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 sale, the insider now owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. 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 ninety days, insiders sold 19,382 shares of company stock worth $13,415,657. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several recent analyst reports. Barclays raised shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target on the stock in a research note on Wednesday, March 12th. Stifel Nicolaus lifted their price target on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Redburn Atlantic assumed coverage on HubSpot in a report on Wednesday, February 19th. They issued a “buy” rating for the company. Mizuho reduced their price objective on HubSpot from $900.00 to $700.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Canaccord Genuity Group upped their target price on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $834.15.

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.