American Century Companies Inc. Has $131.16 Million Stock Position in HubSpot, Inc. $HUBS

American Century Companies Inc. reduced its stake in HubSpot, Inc. (NYSE:HUBS) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 280,358 shares of the software maker’s stock after selling 33,556 shares during the period. American Century Companies Inc.’s holdings in HubSpot were worth $131,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in HubSpot by 23.7% in the third quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock valued at $11,128,000 after buying an additional 4,559 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of HubSpot during the third quarter worth approximately $48,548,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of HubSpot by 19.2% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after acquiring an additional 1,533 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of HubSpot by 34.9% in the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock worth $10,148,000 after acquiring an additional 5,595 shares in the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in shares of HubSpot in the 3rd quarter worth approximately $2,079,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HUBS shares. Stifel Nicolaus cut their price objective on HubSpot from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Mizuho lowered their target price on HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Citigroup upped their price target on shares of HubSpot from $600.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, UBS Group reaffirmed an “overweight” rating on shares of HubSpot in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $452.70.

Insider Buying and Selling at HubSpot

In related news, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider directly owned 10,119 shares of the company’s stock, valued at $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Halligan sold 8,261 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $253.00, for a total value of $2,090,033.00. Following the completion of the transaction, the director directly owned 481,168 shares in the company, valued at $121,735,504. The trade was a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,691 shares of company stock valued at $8,136,702 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

HubSpot Trading Down 1.5%

HubSpot stock opened at $264.54 on Monday. The company has a market cap of $13.95 billion, a PE ratio of 304.07, a PEG ratio of 3.95 and a beta of 1.40. HubSpot, Inc. has a 1 year low of $207.20 and a 1 year high of $732.00. The company’s 50-day moving average is $310.16 and its two-hundred day moving average is $394.75.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The business had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. During the same period in the previous year, the firm posted $2.32 earnings per share. HubSpot’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.