Barclays PLC reduced its position in HubSpot Inc (NYSE:HUBS) by 71.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,079 shares of the software maker’s stock after selling 18,098 shares during the period. Barclays PLC’s holdings in HubSpot were worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in HUBS. Capital Research Global Investors boosted its stake in shares of HubSpot by 164.5% in the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after buying an additional 1,181,611 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of HubSpot by 358.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after buying an additional 283,609 shares during the last quarter. North Peak Capital Management LLC purchased a new position in shares of HubSpot in the 4th quarter worth $15,397,000. Polar Capital LLP boosted its stake in shares of HubSpot by 51.4% in the 4th quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock worth $38,875,000 after buying an additional 104,956 shares during the last quarter. Finally, Vanguard Group Inc lifted its position in HubSpot by 3.1% during the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after purchasing an additional 95,762 shares in the last quarter. Hedge funds and other institutional investors own 96.77% of the company’s stock.

In other news, General Counsel John P. Kelleher sold 972 shares of the business’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $122.60, for a total value of $119,167.20. Following the transaction, the general counsel now directly owns 39,659 shares in the company, valued at $4,862,193.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $168.73, for a total value of $4,218,250.00. Following the completion of the transaction, the chief executive officer now owns 777,390 shares in the company, valued at $131,169,014.70. The disclosure for this sale can be found here. Insiders sold 91,366 shares of company stock worth $15,052,552 over the last 90 days. Company insiders own 9.60% of the company’s stock.

Several research firms recently weighed in on HUBS. Guggenheim reiterated a “buy” rating on shares of HubSpot in a research report on Wednesday, March 20th. Stifel Nicolaus lifted their target price on HubSpot from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Royal Bank of Canada lifted their target price on HubSpot to $167.00 and gave the company a “market perform” rating in a research report on Wednesday, February 13th. JPMorgan Chase & Co. lifted their target price on HubSpot to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, February 13th. Finally, Jefferies Financial Group lifted their target price on HubSpot to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $175.31.

Shares of HubSpot stock opened at $161.60 on Thursday. HubSpot Inc has a 52 week low of $101.45 and a 52 week high of $180.00. The stock has a market capitalization of $6.64 billion, a PE ratio of -158.43 and a beta of 1.91. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The business had revenue of $144.02 million for the quarter, compared to the consensus estimate of $137.48 million. During the same period in the previous year, the business earned $0.12 earnings per share. The business’s revenue was up 35.2% on a year-over-year basis. On average, equities research analysts anticipate that HubSpot Inc will post -1.09 EPS for the current fiscal year.

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About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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