Prudential Financial Inc. Raises Position in HubSpot, Inc. (NYSE:HUBS)

Prudential Financial Inc. raised its position in HubSpot, Inc. (NYSE:HUBS) by 318.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,204 shares of the software maker’s stock after buying an additional 8,529 shares during the period. Prudential Financial Inc.’s holdings in HubSpot were worth $7,807,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after acquiring an additional 480,796 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in HubSpot during the 4th quarter worth $157,019,000. Wealthfront Advisers LLC grew its holdings in shares of HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after buying an additional 129,357 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of HubSpot during the fourth quarter worth $79,135,000. Finally, State of Michigan Retirement System raised its position in shares of HubSpot by 87.7% in the fourth quarter. State of Michigan Retirement System now owns 106,400 shares of the software maker’s stock valued at $74,136,000 after buying an additional 49,700 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,853 shares of company stock worth $15,453,396. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

HUBS has been the topic of a number of recent research reports. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target on the stock in a research report on Thursday, February 13th. Stephens started coverage on HubSpot in a report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 target price on the stock. Citigroup increased their price target on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Redburn Atlantic assumed coverage on HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Finally, UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

HubSpot Stock Performance

Shares of HUBS opened at $581.45 on Friday. The company’s 50-day simple moving average is $705.35 and its 200-day simple moving average is $659.01. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market capitalization of $30.32 billion, a PE ratio of 6,461.31, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

HubSpot Company 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.