Cinctive Capital Management LP Sells 15,807 Shares of HubSpot, Inc. (NYSE:HUBS)

Cinctive Capital Management LP cut its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 46.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,568 shares of the software maker's stock after selling 15,807 shares during the quarter. Cinctive Capital Management LP's holdings in HubSpot were worth $12,938,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the 3rd quarter worth $25,000. Larson Financial Group LLC lifted its holdings 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 purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in HubSpot by 73.1% during the fourth 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 period. Bank of Jackson Hole Trust bought a new stake in shares of HubSpot in the fourth quarter valued at approximately $35,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in HubSpot in the 4th quarter worth approximately $36,000. 90.39% of the stock is currently owned by institutional investors.

Insider Activity

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

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Wall Street Analyst Weigh In

Several research firms have issued reports on HUBS. Macquarie assumed coverage on HubSpot in a research report on Monday, March 24th. They set an "outperform" rating and a $730.00 target price on the stock. Needham & Company LLC raised their target price on HubSpot from $730.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price target on the stock in a research report on Thursday, February 13th. Barclays upgraded shares of HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 price objective for the company in a research report on Wednesday, March 12th. Finally, Sanford C. Bernstein assumed coverage on HubSpot in a research report on Thursday, March 20th. They set a "market perform" rating and a $693.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $848.58.

HubSpot Trading Down 5.1 %

NYSE:HUBS traded down $27.00 during trading hours on Friday, reaching $500.79. The company had a trading volume of 1,393,357 shares, compared to its average volume of 604,703. The firm has a market cap of $26.12 billion, a price-to-earnings ratio of 5,564.93, a PEG ratio of 41.44 and a beta of 1.82. The firm's 50 day moving average price is $688.31 and its 200-day moving average price is $661.13. 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 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, analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.