Sanctuary Advisors LLC Has $2.12 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Sanctuary Advisors LLC cut its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 31.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,991 shares of the software maker's stock after selling 1,855 shares during the quarter. Sanctuary Advisors LLC's holdings in HubSpot were worth $2,122,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock valued at $745,410,000 after acquiring an additional 480,796 shares during the last quarter. Fred Alger Management LLC raised its stake in HubSpot by 516.2% during the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker's stock worth $96,307,000 after acquiring an additional 136,793 shares during the period. International Assets Investment Management LLC boosted its stake in HubSpot by 214,342.4% in the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker's stock valued at $672,590,000 after acquiring an additional 126,462 shares during the period. Marshall Wace LLP grew its holdings in shares of HubSpot by 88.7% during the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock valued at $142,468,000 after purchasing an additional 113,555 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock worth $303,689,000 after purchasing an additional 86,688 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $4.57 during mid-day trading on Thursday, reaching $702.45. The company had a trading volume of 590,312 shares, compared to its average volume of 585,807. The stock has a market capitalization of $36.26 billion, a PE ratio of -2,601.57, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47. The stock's 50 day moving average is $649.79 and its 200-day moving average is $567.01.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same quarter last year, the firm earned ($0.04) EPS. HubSpot's revenue for the quarter was up 20.1% on a year-over-year basis. On average, sell-side analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the transaction, the chief technology officer now directly owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the business's stock in a transaction that occurred on 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 approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,890 shares of company stock valued at $53,825,871. Corporate insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HUBS. Canaccord Genuity Group boosted their target price on shares of HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. UBS Group upgraded HubSpot from a "hold" rating to a "strong-buy" rating in a research report on Monday. Stifel Nicolaus lifted their price objective on shares of HubSpot from $750.00 to $880.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Barclays increased their price objective on shares of HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $702.23.

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.