HubSpot, Inc. (NYSE:HUBS) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC cut its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 81.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 851 shares of the software maker's stock after selling 3,834 shares during the period. Stonegate Investment Group LLC's holdings in HubSpot were worth $593,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HUBS shares. Royal Bank of Canada raised their price target on shares of HubSpot from $750.00 to $825.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Needham & Company LLC restated a "buy" rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Oppenheimer upped their price target on HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Evercore ISI boosted their target price on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and an average price target of $724.52.

HubSpot Price Performance

Shares of HUBS stock traded up $7.53 during midday trading on Friday, reaching $779.52. 514,878 shares of the company traded hands, compared to its average volume of 388,198. The firm's 50 day simple moving average is $724.40 and its two-hundred day simple moving average is $600.46. The firm has a market cap of $40.24 billion, a PE ratio of -2,887.02, a price-to-earnings-growth ratio of 43.22 and a beta of 1.70. 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 posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period last year, the firm posted ($0.04) EPS. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. As a group, research analysts anticipate that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares in the company, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. 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 over the last three months. 4.50% of the stock is currently owned by insiders.

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.