J. Safra Sarasin Holding AG Lowers Holdings in HubSpot, Inc. (NYSE:HUBS)

J. Safra Sarasin Holding AG trimmed its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 86.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 655 shares of the software maker's stock after selling 4,157 shares during the quarter. J. Safra Sarasin Holding AG's holdings in HubSpot were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after purchasing an additional 13 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after purchasing an additional 13 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after purchasing an additional 15 shares during the period. Amalgamated Bank boosted its stake in HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after purchasing an additional 16 shares during the period. Finally, Avitas Wealth Management LLC grew its holdings in HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after buying an additional 17 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,882 shares of company stock valued at $17,993,757 over the last quarter. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HUBS. JPMorgan Chase & Co. increased their price target on shares of HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. The Goldman Sachs Group increased their price objective on HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Oppenheimer lifted their price objective on HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Scotiabank decreased their target price on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus lifted their price target on HubSpot from $880.00 to $925.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $789.11.

HubSpot Price Performance

HubSpot stock traded up $16.06 during trading hours on Friday, reaching $616.56. The stock had a trading volume of 648,332 shares, compared to its average volume of 621,587. The company has a fifty day simple moving average of $604.15 and a 200-day simple moving average of $661.47. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The stock has a market cap of $32.16 billion, a PE ratio of 6,851.43, a PEG ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (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%. Research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

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.