BI Asset Management Fondsmaeglerselskab A S Sells 1,848 Shares of HubSpot, Inc. (NYSE:HUBS)

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,612 shares of the software maker's stock after selling 1,848 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in HubSpot were worth $1,820,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wellington Management Group LLP boosted its holdings in shares of HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock valued at $1,029,262,000 after acquiring an additional 74,990 shares during the period. Geode Capital Management LLC lifted its position in HubSpot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock valued at $577,572,000 after purchasing an additional 9,922 shares during the last quarter. Groupama Asset Managment boosted its stake in HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after purchasing an additional 26,799 shares during the period. Massachusetts Financial Services Co. MA grew its position in HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after purchasing an additional 104,800 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of HubSpot by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after purchasing an additional 24,799 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares of the company's stock, valued at $41,536,312.16. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the sale, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,882 shares of company stock worth $17,993,757. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Performance

Shares of HUBS stock traded up $16.06 during trading on Friday, hitting $616.56. 648,332 shares of the company were exchanged, compared to its average volume of 621,465. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The firm has a market capitalization of $32.16 billion, a price-to-earnings ratio of 6,851.43, a P/E/G ratio of 41.44 and a beta of 1.82. The business's 50-day simple moving average is $604.15 and its 200 day simple moving average is $660.64.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stephens initiated coverage on HubSpot in a report on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 price objective for the company. KeyCorp raised HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price target on the stock in a report on Thursday, February 13th. Needham & Company LLC upped their price objective on shares of HubSpot from $730.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. UBS Group upgraded shares of HubSpot from a "neutral" rating to a "buy" rating and decreased their target price for the company from $775.00 to $675.00 in a research report on Tuesday, April 15th. Finally, Truist Financial dropped their price target on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $789.11.

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.