Massachusetts Financial Services Co. MA Increases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Massachusetts Financial Services Co. MA increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,586 shares of the software maker’s stock after buying an additional 3,775 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.95% of HubSpot worth $285,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new stake in HubSpot during the 1st quarter valued at about $27,000. Geneos Wealth Management Inc. grew its stake in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after purchasing an additional 45 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in HubSpot during the 2nd quarter valued at about $35,000. Crewe Advisors LLC grew its stake in HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC grew its stake in HubSpot by 54.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock valued at $48,000 after purchasing an additional 27 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on HUBS. BMO Capital Markets dropped their price target on HubSpot from $635.00 to $570.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Canaccord Genuity Group dropped their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a report on Thursday, August 8th. Oppenheimer decreased their price objective on HubSpot from $725.00 to $625.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $700.00 price objective on shares of HubSpot in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $610.79.

Insider Buying and Selling at HubSpot

In other news, insider Dawson Alyssa Harvey sold 384 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 384 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The disclosure for this sale can be found here. Insiders sold 38,012 shares of company stock valued at $21,300,253 over the last quarter. 4.50% of the stock is currently owned by insiders.

HubSpot Price Performance

Shares of HubSpot stock opened at $495.37 on Tuesday. The business has a 50 day simple moving average of $489.10 and a two-hundred day simple moving average of $568.89. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The stock has a market capitalization of $25.25 billion, a P/E ratio of -186.93, a PEG ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter in the prior year, the firm earned ($1.17) earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. As a group, research analysts anticipate that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

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.