National Pension Service Cuts Stake in HubSpot, Inc. (NYSE:HUBS)

National Pension Service trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,158 shares of the software maker’s stock after selling 753 shares during the quarter. National Pension Service’s holdings in HubSpot were worth $48,884,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC grew its stake in HubSpot by 271.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 17,297 shares of the software maker’s stock worth $12,052,000 after purchasing an additional 12,635 shares in the last quarter. Amalgamated Bank grew its stake in HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after purchasing an additional 16 shares in the last quarter. Bank of New York Mellon Corp grew its stake in HubSpot by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after purchasing an additional 24,799 shares in the last quarter. IFP Advisors Inc grew its stake in HubSpot by 9.8% in the fourth quarter. IFP Advisors Inc now owns 1,212 shares of the software maker’s stock worth $844,000 after purchasing an additional 108 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in HubSpot in the fourth quarter worth about $3,814,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In related news, 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 transaction of $18,497,250.00. Following the completion of the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock valued at $35,878,612 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Down 1.6 %

HUBS opened at $712.63 on Friday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The company has a fifty day moving average of $739.58 and a 200-day moving average of $638.60. The stock has a market cap of $37.17 billion, a PE ratio of 7,919.00, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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%. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HUBS shares. Morgan Stanley lifted their target price on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a report on Thursday, February 13th. Barclays reaffirmed an “equal weight” rating on shares of HubSpot in a report on Thursday, February 13th. Evercore ISI increased their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC increased their target price on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $863.96.

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.