Generali Investments Towarzystwo Funduszy Inwestycyjnych Reduces Position in HubSpot, Inc. (NYSE:HUBS)

Generali Investments Towarzystwo Funduszy Inwestycyjnych cut its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 28.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,300 shares of the software maker's stock after selling 2,100 shares during the quarter. HubSpot comprises approximately 2.1% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings, making the stock its 9th biggest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in HubSpot were worth $3,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the 3rd quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 purchasing an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in HubSpot during the fourth quarter worth $35,000. HM Payson & Co. increased its holdings in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. Finally, Friedenthal Financial bought a new position in shares of HubSpot in the fourth quarter valued at about $50,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of NYSE:HUBS traded down $17.15 during midday trading on Monday, hitting $706.84. 518,318 shares of the stock were exchanged, compared to its average volume of 505,028. The business's 50-day moving average price is $739.69 and its 200 day moving average price is $642.57. The stock has a market capitalization of $36.86 billion, a price-to-earnings ratio of 7,854.65, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HUBS. UBS Group raised shares of HubSpot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th. Piper Sandler boosted their price objective on HubSpot from $640.00 to $808.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Wells Fargo & Company increased their target price on HubSpot from $835.00 to $940.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Canaccord Genuity Group boosted their price target on HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus increased their price objective on HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, HubSpot presently has an average rating of "Moderate Buy" and a consensus price target of $863.96.

Insider Transactions at HubSpot

In other news, Director Lorrie M. Norrington sold 572 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the transaction, the director now directly owns 1,697 shares of the company's stock, valued at $1,170,930. The trade was a 25.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 115 shares of the firm'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 value of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares of the company's stock, valued at $43,668,958.41. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,112 shares of company stock worth $35,878,612 over the last ninety days. 4.50% of the stock is owned by insiders.

About HubSpot

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.