Commerce Bank Has $3.62 Million Position in HubSpot, Inc. (NYSE:HUBS)

Commerce Bank cut its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 21.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,190 shares of the software maker's stock after selling 1,443 shares during the quarter. Commerce Bank's holdings in HubSpot were worth $3,616,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after purchasing an additional 13 shares during the period. Wedbush Securities Inc. lifted its holdings in HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock worth $274,000 after buying an additional 13 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank increased its position in shares of HubSpot by 0.5% during the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after acquiring an additional 16 shares during the period. Finally, Avitas Wealth Management LLC boosted its holdings in HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,382 shares of the company'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 sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the transaction, the insider now owns 525,687 shares in the company, valued at $283,135,018.20. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,882 shares of company stock worth $17,993,757 in the last 90 days. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $16.06 during midday trading on Friday, reaching $616.56. 648,332 shares of the company's stock were exchanged, compared to its average volume of 621,465. The business's fifty day moving average price is $604.15 and its two-hundred day moving average price is $660.64. The stock has a market capitalization of $32.16 billion, a PE ratio of 6,851.43, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS 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%. Analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on HUBS. TD Cowen lowered shares of HubSpot from a "buy" rating to a "hold" rating and upped their target price for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Raymond James raised their price target on HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Royal Bank of Canada raised their target price on HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Stephens assumed coverage on shares of HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 price target on the stock. Finally, Mizuho reduced their target price on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, HubSpot currently has an average rating of "Moderate Buy" and a consensus target price of $789.11.

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.