Norris Perne & French LLP MI Sells 1,387 Shares of HubSpot, Inc. (NYSE:HUBS)

Norris Perne & French LLP MI lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,385 shares of the software maker’s stock after selling 1,387 shares during the period. HubSpot comprises about 1.7% of Norris Perne & French LLP MI’s holdings, making the stock its 22nd biggest position. Norris Perne & French LLP MI’s holdings in HubSpot were worth $23,958,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. GDS Wealth Management purchased a new position in HubSpot in the 3rd quarter worth approximately $2,149,000. Pallas Capital Advisors LLC bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $624,000. Icon Wealth Advisors LLC grew its position in shares of HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after buying an additional 20,479 shares during the period. Curi RMB Capital LLC raised its stake in HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after buying an additional 937 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP grew its holdings in shares of HubSpot by 113.4% during the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after buying an additional 9,919 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Down 0.7 %

Shares of NYSE HUBS opened at $772.12 on Friday. The firm’s 50-day moving average is $722.58 and its two-hundred day moving average is $597.11. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $811.79.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. HubSpot’s revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts predict that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on HUBS. BMO Capital Markets upped their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays raised their price objective on HubSpot from $650.00 to $725.00 and gave the company an “equal weight” rating in a research report on Monday. Oppenheimer increased their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley raised their price target on HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Mizuho boosted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $724.52.

Insider Activity

In related news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $28,881,300. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock worth $54,900,427 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

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.