Kintegral Advisory LLC Cuts Position in HubSpot, Inc. (NYSE:HUBS)

Kintegral Advisory LLC decreased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,106 shares of the software maker’s stock after selling 98 shares during the period. Kintegral Advisory LLC’s holdings in HubSpot were worth $1,467,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HUBS. Wellington Management Group LLP increased its position in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after buying an additional 86,688 shares in the last quarter. TimesSquare Capital Management LLC grew its position in HubSpot by 49.5% during the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock valued at $110,489,000 after acquiring an additional 68,827 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of HubSpot by 191.6% during the third quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock worth $38,754,000 after acquiring an additional 47,900 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of HubSpot by 17.5% in the 3rd quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after acquiring an additional 47,736 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HubSpot stock opened at $726.43 on Friday. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a market cap of $37.88 billion, a price-to-earnings ratio of 8,072.32, a PEG ratio of 41.44 and a beta of 1.72. The stock’s 50 day simple moving average is $739.92 and its two-hundred day simple moving average is $632.79.

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

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock valued at $35,878,612 in the last three months. 4.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several recent research reports. Raymond James increased their target price on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a research note on Thursday, February 13th. The Goldman Sachs Group increased their target price on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Evercore ISI lifted their price target on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $863.96.

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.