Knights of Columbus Asset Advisors LLC Trims Position in HubSpot, Inc. (NYSE:HUBS)

Knights of Columbus Asset Advisors LLC reduced its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 53.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,297 shares of the software maker's stock after selling 1,507 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in HubSpot were worth $904,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock worth $178,000 after purchasing an additional 13 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock valued at $445,000 after buying an additional 15 shares during the period. Amalgamated Bank lifted its stake in HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after acquiring an additional 16 shares in the last quarter. Avitas Wealth Management LLC boosted 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 acquiring an additional 17 shares during the period. Finally, Principal Securities Inc. increased its stake in HubSpot by 17.2% during the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker's stock worth $81,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

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HubSpot Price Performance

Shares of HUBS stock traded down $15.36 during midday trading on Thursday, reaching $593.32. 446,130 shares of the company traded hands, compared to its average volume of 603,200. The firm has a market cap of $30.94 billion, a PE ratio of 6,593.13, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The firm's 50 day simple moving average is $710.31 and its two-hundred day simple moving average is $657.69. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year 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 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HUBS. Stifel Nicolaus lifted their price objective on shares of HubSpot from $880.00 to $925.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Barclays upgraded HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 target price for the company in a report on Wednesday, March 12th. KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price objective for the company in a research note on Thursday, February 13th. Scotiabank upped their target price on shares of HubSpot from $825.00 to $900.00 and gave the stock a "sector outperform" rating in a research note on Thursday, February 13th. Finally, Macquarie started coverage on shares of HubSpot in a report on Monday. They set an "outperform" rating and a $730.00 price target for the company. Five 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $848.58.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the sale, the chief financial officer now owns 38,560 shares of the company's stock, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,425 shares of company stock valued at $15,866,151 over the last quarter. Corporate insiders own 4.50% of the company's stock.

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.