Norris Perne & French LLP MI Sells 1,387 Shares of HubSpot, Inc. (NYSE:HUBS)

Norris Perne & French LLP MI cut its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,385 shares of the software maker's stock after selling 1,387 shares during the quarter. HubSpot accounts for about 1.7% of Norris Perne & French LLP MI's investment portfolio, making the stock its 22nd largest holding. Norris Perne & French LLP MI owned about 0.07% of HubSpot worth $23,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB bought a new position in shares of HubSpot during the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of HubSpot by 73.1% in 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. boosted its stake in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after buying an additional 18 shares in the last quarter. Friedenthal Financial bought a new position in shares of HubSpot during the 4th quarter worth approximately $50,000. Finally, Crewe Advisors LLC lifted its holdings in shares of HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock valued at $55,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity

In related news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,272,077 shares of the company's stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 115 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares of the company's stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock valued at $54,900,427 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of HubSpot from $750.00 to $880.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Bank of America lifted their target price on HubSpot from $780.00 to $850.00 and gave the stock a "buy" rating in a report on Monday, December 16th. TD Cowen downgraded shares of HubSpot from a "buy" rating to a "hold" rating and lifted their price target for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Royal Bank of Canada boosted their price objective on shares of HubSpot from $750.00 to $825.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group increased their price target on HubSpot from $626.00 to $690.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $731.83.

HubSpot Trading Down 1.8 %

Shares of NYSE:HUBS traded down $14.14 during midday trading on Monday, reaching $765.39. 445,893 shares of the company were exchanged, compared to its average volume of 442,642. The stock has a market cap of $39.51 billion, a PE ratio of -2,834.66, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72. HubSpot, Inc. has a one year low of $434.84 and a one year high of $811.79. The business's fifty day moving average is $724.40 and its two-hundred day moving average is $602.09.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same quarter in the prior year, the company posted ($0.04) EPS. HubSpot's quarterly revenue was up 20.1% on a year-over-year basis. As a group, sell-side analysts expect that HubSpot, Inc. will post 0.42 EPS for the current year.

About HubSpot

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.