Chicago Partners Investment Group LLC Trims Stake in HubSpot, Inc. (NYSE:HUBS)

Chicago Partners Investment Group LLC reduced its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 24.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,995 shares of the software maker's stock after selling 633 shares during the quarter. Chicago Partners Investment Group LLC's holdings in HubSpot were worth $1,415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot in the third quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its position in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock worth $31,000 after purchasing an additional 19 shares during the period. HM Payson & Co. lifted its stake in HubSpot by 36.0% in 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 last quarter. Friedenthal Financial purchased a new position in shares of HubSpot during the fourth quarter valued at approximately $50,000. Finally, Crewe Advisors LLC lifted its stake in shares of HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock worth $55,000 after acquiring an additional 28 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HUBS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on HubSpot from $560.00 to $635.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Scotiabank raised their price target on shares of HubSpot from $700.00 to $825.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on shares of HubSpot from $750.00 to $825.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. UBS Group lowered shares of HubSpot from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 17th. Finally, Morgan Stanley boosted their price target on HubSpot from $747.00 to $835.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and an average target price of $731.83.

Insider Activity

In related news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on 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 of the company's stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the sale, the insider now directly owns 513,698 shares of the company's stock, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock valued at $54,900,427 in the last quarter. 4.50% of the stock is currently owned by company insiders.

HubSpot Trading Down 1.8 %

Shares of NYSE:HUBS traded down $14.14 on Monday, hitting $765.39. 445,893 shares of the company were exchanged, compared to its average volume of 442,642. The firm has a market capitalization of $39.51 billion, a P/E ratio of -2,834.66, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72. The stock's 50 day moving average price is $724.40 and its 200 day moving average price is $602.09. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $811.79.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. HubSpot's revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities analysts predict that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

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.