HubSpot, Inc. (NYSE:HUBS) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 62.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,100 shares of the software maker's stock after selling 29,600 shares during the quarter. Renaissance Technologies LLC's holdings in HubSpot were worth $12,612,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new stake in HubSpot during the 4th quarter valued at $420,345,000. Raymond James Financial Inc. acquired a new position in shares of HubSpot in the 4th quarter valued at $157,019,000. Wealthfront Advisers LLC raised its stake in HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock worth $93,049,000 after acquiring an additional 129,357 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in HubSpot during the 4th quarter worth about $79,135,000. Finally, Alliancebernstein L.P. grew its stake in HubSpot by 61.9% during the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker's stock valued at $199,504,000 after purchasing an additional 109,449 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

Shares of HUBS stock traded down $20.96 during trading hours on Monday, reaching $518.73. 39,025 shares of the company's stock were exchanged, compared to its average volume of 616,419. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a market cap of $27.05 billion, a P/E ratio of 5,761.25, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The company's 50 day moving average is $627.88 and its two-hundred day moving average is $661.10.

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

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,382 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were 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 of the company's stock, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the sale, the insider now owns 527,233 shares in the company, valued at approximately $320,283,502.84. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,882 shares of company stock valued at $17,993,757 in the last ninety days. Corporate insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

HUBS has been the topic of several research reports. Barclays upgraded shares of HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 price target on the stock in a report on Wednesday, March 12th. StockNews.com downgraded HubSpot from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Macquarie started coverage on shares of HubSpot in a report on Monday, March 24th. They issued an "outperform" rating and a $730.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets boosted their target price on shares of HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of "Moderate Buy" and a consensus target price of $818.04.

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.