HubSpot, Inc. (NYSE:HUBS) Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 87.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 633 shares of the software maker's stock after selling 4,404 shares during the period. SG Americas Securities LLC's holdings in HubSpot were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in HubSpot in the 3rd quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares during the period. HM Payson & Co. lifted its stake in shares of 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 buying an additional 18 shares during the period. Friedenthal Financial acquired a new stake in HubSpot during the fourth quarter worth approximately $50,000. Finally, Crewe Advisors LLC grew its stake in HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock worth $55,000 after acquiring an additional 28 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Down 1.8 %

Shares of HUBS traded down $14.14 during mid-day trading on Monday, reaching $765.39. 445,893 shares of the stock traded hands, compared to its average volume of 442,642. The stock has a fifty day simple moving average of $724.40 and a 200 day simple moving average of $602.09. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $811.79. The firm has a market cap of $39.51 billion, a price-to-earnings ratio of -2,834.66, a P/E/G ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) EPS. On average, equities research analysts expect that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the transaction, the chief financial officer now directly owns 38,560 shares in the company, valued at $27,053,310.40. This represents a 4.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the firm's 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 transaction, the insider now directly owns 7,603 shares of the company's stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Jefferies Financial Group raised their price target on HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research note on Monday. Piper Sandler downgraded shares of HubSpot from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Oppenheimer raised their target price on shares of HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Evercore ISI boosted their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $731.83.

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.