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HubSpot, Inc. (NYSE:HUBS) Position Trimmed by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

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BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,081 shares of the software maker's stock after selling 1,138 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in HubSpot were worth $4,296,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of HubSpot during the 2nd quarter valued at approximately $35,000. HM Payson & Co. grew its holdings in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after acquiring an additional 18 shares in the last quarter. Crewe Advisors LLC raised its position in HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock worth $44,000 after buying an additional 63 shares during the last quarter. J.Safra Asset Management Corp grew its stake in HubSpot by 690.9% in the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock valued at $51,000 after acquiring an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of HubSpot by 41.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker's stock valued at $64,000 after acquiring an additional 32 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

Shares of HUBS stock traded up $37.04 on Wednesday, hitting $756.48. 638,283 shares of the company's stock were exchanged, compared to its average volume of 589,008. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $762.47. The stock has a market cap of $39.05 billion, a P/E ratio of -2,801.78, a price-to-earnings-growth ratio of 87.96 and a beta of 1.70. The company has a 50 day moving average of $609.30 and a 200 day moving average of $558.67.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm's revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share. Sell-side analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 115 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares of the company's stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,390 shares of company stock valued at $29,126,596. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Raymond James dropped their price target on HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group upped their price target on HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their price objective on HubSpot from $600.00 to $625.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Oppenheimer lifted their price target on HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company raised their price target on HubSpot from $625.00 to $750.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $672.68.

Read Our Latest Report on HUBS

HubSpot 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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