Impax Asset Management Group plc Reduces Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Impax Asset Management Group plc decreased its position in HubSpot, Inc. (NYSE:HUBS) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,227 shares of the software maker’s stock after selling 64 shares during the quarter. Impax Asset Management Group plc’s holdings in HubSpot were worth $3,642,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the 3rd quarter worth $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the fourth quarter valued at about $35,000. HM Payson & Co. lifted its stake in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Finally, Friedenthal Financial acquired a new stake in shares of HubSpot during the fourth quarter worth approximately $50,000. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Morgan Stanley raised their target price on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Mizuho lifted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and boosted their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $723.26 on Tuesday. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The firm has a market capitalization of $37.72 billion, a price-to-earnings ratio of 8,037.08, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The business’s 50 day moving average price is $739.45 and its 200-day moving average price is $635.73.

HubSpot (NYSE:HUBS) last announced 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 net margin of 0.17% and a negative return on equity of 0.07%. On average, sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,112 shares of company stock valued at $35,878,612. 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.