DnB Asset Management AS Sells 7,803 Shares of HubSpot, Inc. (NYSE:HUBS)

DnB Asset Management AS cut its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 49.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,094 shares of the software maker's stock after selling 7,803 shares during the period. DnB Asset Management AS's holdings in HubSpot were worth $5,640,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HUBS. Townsquare Capital LLC raised its holdings in HubSpot by 93.1% in the 3rd quarter. Townsquare Capital LLC now owns 668 shares of the software maker's stock valued at $355,000 after buying an additional 322 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of HubSpot during the third quarter valued at $509,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of HubSpot by 1.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,264 shares of the software maker's stock worth $15,025,000 after purchasing an additional 340 shares during the period. Captrust Financial Advisors lifted its holdings in shares of HubSpot by 132.6% during the third quarter. Captrust Financial Advisors now owns 1,363 shares of the software maker's stock worth $725,000 after purchasing an additional 777 shares during the period. Finally, Wasatch Advisors LP grew its stake in shares of HubSpot by 32.8% in the third quarter. Wasatch Advisors LP now owns 6,141 shares of the software maker's stock worth $3,265,000 after purchasing an additional 1,518 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

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HubSpot Stock Down 5.1 %

HUBS stock traded down $27.00 during mid-day trading on Friday, reaching $500.79. 1,393,357 shares of the company traded hands, compared to its average volume of 605,948. The firm's 50 day moving average price is $688.31 and its 200 day moving average price is $659.95. The stock has a market cap of $26.12 billion, a price-to-earnings ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HUBS shares. Raymond James lifted their price objective on HubSpot from $750.00 to $980.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wells Fargo & Company upped their price objective on shares of HubSpot from $835.00 to $940.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Jefferies Financial Group lifted their target price on shares of HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Oppenheimer upped their price target on shares of HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus lifted 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 analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given 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 target price of $848.58.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction dated 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 transaction, 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 a total of 19,382 shares of company stock worth $13,415,657 in the last quarter. 4.50% of the stock is currently owned by corporate 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.