CIBC Private Wealth Group LLC Sells 3,501 Shares of HubSpot, Inc. (NYSE:HUBS)

CIBC Private Wealth Group LLC decreased its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,054 shares of the software maker's stock after selling 3,501 shares during the period. CIBC Private Wealth Group LLC owned 0.27% of HubSpot worth $97,229,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of HUBS. Larson Financial Group LLC grew its position in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew 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 acquiring an additional 19 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of HubSpot during the 4th quarter worth approximately $35,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of HubSpot in the 4th quarter worth approximately $36,000. Institutional investors own 90.39% of the company's stock.

HubSpot Stock Down 5.1 %

Shares of NYSE HUBS traded down $27.00 during mid-day trading on Friday, reaching $500.79. 1,393,357 shares of the company were exchanged, compared to its average volume of 605,948. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The company's 50 day moving average price is $688.31 and its 200 day moving average price is $659.95. The stock has a market capitalization of $26.12 billion, a PE ratio of 5,564.93, a PEG ratio of 41.44 and a beta of 1.82.

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HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. On average, sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,382 shares of company stock valued at $13,415,657 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Oppenheimer raised their target price on HubSpot from $850.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Scotiabank lifted their price objective on HubSpot from $825.00 to $900.00 and gave the stock a "sector outperform" rating in a report on Thursday, February 13th. Barclays upgraded HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 price objective on the stock in a research note on Wednesday, March 12th. KeyCorp upgraded shares of HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 target price for the company in a research report on Thursday, February 13th. Finally, Bank of America boosted their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $848.58.

HubSpot Company 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.