Massachusetts Financial Services Co. MA Decreases Holdings in HubSpot, Inc. $HUBS

Massachusetts Financial Services Co. MA cut its stake in HubSpot, Inc. (NYSE:HUBS) by 27.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 669,197 shares of the software maker’s stock after selling 258,730 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.27% of HubSpot worth $372,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Whittier Trust Co. grew its stake in shares of HubSpot by 136.4% in the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Hilltop National Bank acquired a new position in HubSpot during the 2nd quarter worth approximately $32,000. Cullen Frost Bankers Inc. boosted its holdings in HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock worth $34,000 after acquiring an additional 34 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in HubSpot in the first quarter valued at approximately $35,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of HubSpot during the second quarter worth $39,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 2,387 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the sale, the chief executive officer owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This trade represents a 4.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the transaction, the director owned 522,435 shares of the company’s stock, valued at $235,012,160.40. This represents a 1.60% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 51,098 shares of company stock valued at $24,757,257. 4.00% of the stock is currently owned by insiders.

HubSpot Price Performance

HubSpot stock opened at $395.59 on Friday. HubSpot, Inc. has a 12 month low of $375.01 and a 12 month high of $881.13. The company has a fifty day moving average price of $466.73 and a two-hundred day moving average price of $520.55. The company has a market cap of $20.72 billion, a PE ratio of -4,944.85, a P/E/G ratio of 13.44 and a beta of 1.60.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. During the same period last year, the firm posted $2.18 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HUBS. KeyCorp decreased their price objective on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Truist Financial reduced their target price on HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Mizuho dropped their price target on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Oppenheimer reduced their price objective on shares of HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Cantor Fitzgerald decreased their price objective on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $620.41.

HubSpot 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.