HubSpot, Inc. (NYSE:HUBS) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,003 shares of the software maker's stock after selling 746 shares during the period. Exchange Traded Concepts LLC's holdings in HubSpot were worth $2,789,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the 3rd quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in HubSpot by 73.1% in the fourth 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. HM Payson & Co. boosted its position in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after buying an additional 18 shares in the last quarter. Friedenthal Financial acquired a new stake in HubSpot in the 4th quarter valued at about $50,000. Finally, Crewe Advisors LLC grew its position in shares of HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Scotiabank upped their target price on HubSpot from $700.00 to $825.00 and gave the company a "sector outperform" rating in a research note on Wednesday, January 8th. Bank of America upped their price objective on HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Stifel Nicolaus increased their price objective on HubSpot from $750.00 to $880.00 and gave the company a "buy" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $721.26.

HubSpot Price Performance

HUBS stock traded down $8.88 during midday trading on Friday, reaching $728.24. 365,586 shares of the company's stock traded hands, compared to its average volume of 283,975. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $762.47. The business has a 50-day moving average price of $716.86 and a two-hundred day moving average price of $590.99. The company has a market capitalization of $37.59 billion, a P/E ratio of -2,697.07, a PEG ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $646.97 million. During the same period in the prior year, the company earned ($0.04) EPS. The firm's revenue was up 20.1% on a year-over-year basis. As a group, research analysts forecast that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares of the company's stock, valued at approximately $5,322,100. This trade represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 78,066 shares of company stock valued at $54,900,427. Corporate insiders own 4.50% of the company's stock.

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.