HubSpot, Inc. (NYSE:HUBS) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc trimmed its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 41.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,800 shares of the software maker's stock after selling 2,000 shares during the period. K.J. Harrison & Partners Inc's holdings in HubSpot were worth $1,953,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. New York Life Investment Management LLC boosted its stake in HubSpot by 6.3% in the 4th quarter. New York Life Investment Management LLC now owns 874 shares of the software maker's stock worth $609,000 after buying an additional 52 shares during the last quarter. Impact Investors Inc acquired a new position in shares of HubSpot in the 4th quarter valued at about $270,000. Los Angeles Capital Management LLC lifted its stake in shares of HubSpot by 271.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 17,297 shares of the software maker's stock valued at $12,052,000 after purchasing an additional 12,635 shares in the last quarter. Amalgamated Bank lifted its stake in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock valued at $2,271,000 after purchasing an additional 16 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after purchasing an additional 24,799 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on HUBS. Canaccord Genuity Group lifted their price objective on HubSpot from $710.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada lifted their price objective on HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. William Blair reaffirmed an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. Redburn Atlantic began coverage on HubSpot in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, Citigroup lifted their price objective on HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $863.96.

HubSpot Trading Up 1.6 %

HUBS stock traded up $11.27 during midday trading on Friday, hitting $724.46. 586,082 shares of the company's stock were exchanged, compared to its average volume of 504,687. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The firm has a 50 day moving average price of $739.69 and a 200-day moving average price of $641.47. The stock has a market capitalization of $37.78 billion, a price-to-earnings ratio of 8,050.45, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data 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%. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In other news, CTO Dharmesh Shah sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. The trade was a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the sale, the insider now owns 513,698 shares of the company's stock, valued at $374,819,745.70. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,112 shares of company stock worth $35,878,612. 4.50% of the stock is currently owned by 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.