HubSpot, Inc. (NYSE:HUBS) Position Decreased by Lbp Am Sa

Lbp Am Sa lowered its holdings in HubSpot, Inc. (NYSE:HUBSFree Report) by 89.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 990 shares of the software maker’s stock after selling 8,116 shares during the period. Lbp Am Sa’s holdings in HubSpot were worth $690,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after purchasing an additional 13 shares during the period. First Horizon Advisors Inc. lifted its stake in HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after buying an additional 15 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after buying an additional 16 shares during the period. Avitas Wealth Management LLC boosted its holdings in shares of HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after buying an additional 17 shares during the period. Finally, Principal Securities Inc. increased its position in shares of HubSpot by 17.2% in the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock worth $81,000 after acquiring an additional 17 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the sale, the insider now owns 513,698 shares in the company, valued at approximately $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now directly owns 1,272,077 shares in the company, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,997 shares of company stock valued at $35,796,526. 4.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Raymond James upped their price target on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. BMO Capital Markets raised their target price on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. William Blair reissued an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Finally, Stifel Nicolaus lifted their target price on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $863.96.

View Our Latest Analysis on HubSpot

HubSpot Stock Up 1.9 %

Shares of HubSpot stock opened at $609.73 on Monday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a 50 day moving average price of $725.59 and a two-hundred day moving average price of $652.55. The stock has a market capitalization of $31.80 billion, a P/E ratio of 6,775.49, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBSGet Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

HubSpot Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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