HubSpot, Inc. (NYSE:HUBS) Position Increased by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lifted its position in HubSpot, Inc. (NYSE:HUBS) by 210.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,435 shares of the software maker’s stock after acquiring an additional 17,918 shares during the period. Zevenbergen Capital Investments LLC’s holdings in HubSpot were worth $15,347,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew 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 worth $2,300,168,000 after purchasing an additional 41,689 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of HubSpot by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after buying an additional 166,381 shares in the last quarter. Wellington Management Group LLP raised its position in HubSpot by 26.0% during the third quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock valued at $614,317,000 after buying an additional 257,632 shares during the period. Jennison Associates LLC lifted its stake in HubSpot by 22.8% in 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in HubSpot by 87.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock worth $262,022,000 after acquiring an additional 210,138 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Performance

HubSpot stock traded up $4.98 during mid-day trading on Friday, reaching $615.34. The company had a trading volume of 364,669 shares, compared to its average volume of 707,349. The company has a 50 day moving average of $626.08 and a 200-day moving average of $575.75. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The company has a quick ratio of 1.96, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The firm has a market cap of $31.36 billion, a price-to-earnings ratio of -232.11 and a beta of 1.57.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The business had revenue of $581.91 million during the quarter, compared to the consensus estimate of $557.48 million. On average, sell-side analysts expect that HubSpot, Inc. will post -0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Yamini Rangan sold 8,817 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the sale, the chief executive officer now directly owns 88,977 shares in the company, valued at approximately $55,165,740. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders sold 20,307 shares of company stock worth $12,749,981 over the last three months. 4.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Cowen dropped their target price on HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Evercore ISI upped their price objective on shares of HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a research note on Thursday, February 15th. Scotiabank lifted their target price on shares of HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a research note on Friday, April 5th. BMO Capital Markets dropped their price target on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Finally, Canaccord Genuity Group reduced their price objective on HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $640.04.

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.