Legal & General Group Plc grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 27.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,328 shares of the software maker’s stock after purchasing an additional 2,687 shares during the period. Legal & General Group Plc’s holdings in HubSpot were worth $808,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its stake in HubSpot by 1.5% in the 1st quarter. FMR LLC now owns 5,421,807 shares of the software maker’s stock worth $328,291,000 after purchasing an additional 82,625 shares in the last quarter. Vanguard Group Inc. grew its position in HubSpot by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 2,529,027 shares of the software maker’s stock valued at $153,132,000 after purchasing an additional 132,159 shares during the last quarter. Bank of New York Mellon Corp grew its position in HubSpot by 145.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock valued at $155,602,000 after purchasing an additional 1,400,677 shares during the last quarter. BlackRock Inc. grew its position in HubSpot by 82,588.5% during the 1st quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock valued at $129,025,000 after purchasing an additional 2,128,306 shares during the last quarter. Finally, First Trust Advisors LP grew its position in HubSpot by 8.2% during the 2nd quarter. First Trust Advisors LP now owns 861,781 shares of the software maker’s stock valued at $56,662,000 after purchasing an additional 65,371 shares during the last quarter. Hedge funds and other institutional investors own 96.08% of the company’s stock.

In other news, CFO John Kinzer sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the transaction, the chief financial officer now owns 92,380 shares in the company, valued at approximately $6,210,707.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hunter Madeley sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $63.70, for a total value of $63,700.00. Following the transaction, the insider now owns 87,211 shares in the company, valued at approximately $5,555,340.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,000 shares of company stock worth $4,568,770. 12.10% of the stock is owned by corporate insiders.

HubSpot, Inc. (NYSE HUBS) opened at 84.45 on Tuesday. The company’s market cap is $3.13 billion. The company’s 50 day moving average is $72.92 and its 200-day moving average is $68.96. HubSpot, Inc. has a 12 month low of $44.90 and a 12 month high of $86.90.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $89.10 million during the quarter, compared to analysts’ expectations of $85.80 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. HubSpot’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) EPS. On average, analysts expect that HubSpot, Inc. will post $0.08 earnings per share for the current fiscal year.

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A number of analysts have commented on the company. UBS AG reissued a “buy” rating and issued a $84.00 target price (up previously from $77.00) on shares of HubSpot in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $82.00 price target on shares of HubSpot in a research report on Wednesday, September 27th. Cowen and Company reaffirmed a “market perform” rating and set a $69.00 target price (up from $63.00) on shares of HubSpot in a report on Friday, August 4th. Canaccord Genuity restated a “buy” rating and issued a $83.00 price objective on shares of HubSpot in a research note on Wednesday, September 27th. Finally, Morgan Stanley lifted their target price on HubSpot from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 25th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. HubSpot has a consensus rating of “Buy” and a consensus target price of $76.86.

About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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