HubSpot, Inc. (NYSE:HUBS) Stock Holdings Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of HubSpot, Inc. (NYSE:HUBS) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,989 shares of the software maker’s stock after selling 2,373 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of HubSpot worth $19,502,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Citigroup Inc. grew its position in HubSpot by 17.4% during the third quarter. Citigroup Inc. now owns 26,285 shares of the software maker’s stock valued at $13,973,000 after purchasing an additional 3,895 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of HubSpot by 12.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,166 shares of the software maker’s stock valued at $2,215,000 after buying an additional 450 shares during the period. Brown Brothers Harriman & Co. grew its holdings in shares of HubSpot by 15.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 555 shares of the software maker’s stock valued at $295,000 after acquiring an additional 73 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of HubSpot in the third quarter worth $82,000. Finally, Townsquare Capital LLC raised its holdings in shares of HubSpot by 93.1% during the third quarter. Townsquare Capital LLC now owns 668 shares of the software maker’s stock worth $355,000 after acquiring an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, March 18th. The stock was 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 trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,853 shares of company stock valued at $15,453,396 over the last ninety days. 4.50% of the stock is owned by company insiders.

HubSpot Stock Performance

Shares of HUBS opened at $593.32 on Friday. The company has a 50-day simple moving average of $707.81 and a 200-day simple moving average of $657.24. The firm has a market capitalization of $30.94 billion, a P/E ratio of 6,593.13, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Bank of America boosted their target price on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Sanford C. Bernstein assumed coverage on HubSpot in a report on Thursday, March 20th. They issued a “market perform” rating and a $693.00 price objective on the stock. Morgan Stanley lifted their target price on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and increased their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Finally, William Blair restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $848.58.

About HubSpot

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.