HubSpot, Inc. (NYSE:HUBS) Position Cut by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 15.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,003 shares of the software maker’s stock after selling 746 shares during the quarter. Exchange Traded Concepts LLC’s holdings in HubSpot were worth $2,789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HUBS. Donoghue Forlines LLC bought a new position in HubSpot in the 4th quarter valued at about $2,049,000. Mutual Advisors LLC acquired a new position in shares of HubSpot during the fourth quarter valued at approximately $206,000. Sheets Smith Wealth Management acquired a new stake in HubSpot in the fourth quarter worth approximately $434,000. Ballentine Partners LLC boosted its stake in HubSpot by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock valued at $393,000 after purchasing an additional 25 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 1.2 %

HUBS opened at $728.24 on Friday. The stock has a fifty day moving average price of $716.86 and a 200 day moving average price of $590.78. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47. The stock has a market cap of $37.59 billion, a price-to-earnings ratio of -2,697.07, a PEG ratio of 40.57 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HUBS shares. JPMorgan Chase & Co. raised their target price on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Mizuho increased their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Morgan Stanley raised their target price on shares of HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group upped their price target on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $721.26.

Insider Transactions at HubSpot

In other news, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock worth $54,900,427 in the last 90 days. 4.50% of the stock is owned by insiders.

About HubSpot

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.