HubSpot, Inc. (NYSE:HUBS) Shares Sold by Vestcor Inc

Vestcor Inc reduced its stake in HubSpot, Inc. (NYSE:HUBS) by 96.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 883 shares of the software maker’s stock after selling 25,000 shares during the quarter. Vestcor Inc’s holdings in HubSpot were worth $469,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HUBS. Wellington Management Group LLP lifted its position in 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 purchasing an additional 480,796 shares during the period. Fred Alger Management LLC raised its stake in shares of HubSpot by 516.2% during the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after buying an additional 136,793 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of HubSpot by 214,342.4% during the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after buying an additional 126,462 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after buying an additional 113,555 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake 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. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the transaction, the insider now directly owns 7,603 shares of the company’s stock, valued at $5,322,100. The trade was a 7.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $792,440.88. Following the sale, the chief executive officer now directly owns 62,668 shares of the company’s stock, valued at approximately $32,953,341.12. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,390 shares of company stock worth $29,126,596 in the last three months. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their target price on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a report on Monday, December 9th. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research note on Thursday, November 7th. Mizuho upped their target price on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays lifted their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets upped their price target on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $689.95.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $722.06 on Friday. The firm has a market cap of $37.27 billion, a P/E ratio of -2,674.20, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47. The firm’s 50 day moving average price is $637.78 and its 200 day moving average price is $565.21.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, equities analysts predict that HubSpot, Inc. will post 0.4 EPS 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.