Mount Lucas Management LP Takes $254,000 Position in HubSpot, Inc. (NYSE:HUBS)

Mount Lucas Management LP purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBSFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 437 shares of the software maker’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in HubSpot by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock valued at $2,300,168,000 after purchasing an additional 41,689 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of HubSpot by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock worth $1,338,012,000 after acquiring an additional 166,381 shares during the period. Wellington Management Group LLP grew its holdings in shares of HubSpot by 26.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock worth $614,317,000 after acquiring an additional 257,632 shares during the period. Jennison Associates LLC grew its holdings in shares of HubSpot by 22.8% during the 4th quarter. Jennison Associates LLC now owns 972,957 shares of the software maker’s stock worth $564,840,000 after acquiring an additional 180,822 shares during the period. Finally, Scge Management L.P. grew its holdings in shares of HubSpot by 10.7% during the 3rd quarter. Scge Management L.P. now owns 449,000 shares of the software maker’s stock worth $221,132,000 after acquiring an additional 43,545 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares in the company, valued at approximately $334,656,763.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Yamini Rangan sold 2,874 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the completion of the transaction, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at $46,898,542.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,393 shares of company stock worth $13,421,401. Corporate insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research analyst reports. Barclays reduced their target price on HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $730.00 target price on shares of HubSpot in a report on Thursday. Evercore ISI upped their target price on HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a report on Thursday, February 15th. Mizuho cut their price target on HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company upped their price target on HubSpot from $700.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $640.04.

Check Out Our Latest Research Report on HUBS

HubSpot Trading Up 1.9 %

Shares of NYSE HUBS traded up $11.10 during midday trading on Friday, hitting $598.25. 1,034,043 shares of the stock traded hands, compared to its average volume of 534,255. The firm has a 50-day moving average of $627.54 and a two-hundred day moving average of $568.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85.

HubSpot (NYSE:HUBSGet Free Report) last announced its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The company had revenue of $581.91 million for the quarter, compared to analysts’ expectations of $557.48 million. As a group, equities research analysts forecast that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

About HubSpot

(Free Report)

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.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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