Sei Investments Co. Decreases Stake in HubSpot, Inc. (NYSE:HUBS)

Sei Investments Co. trimmed its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,585 shares of the software maker's stock after selling 1,155 shares during the period. Sei Investments Co. owned 0.11% of HubSpot worth $38,730,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in HubSpot by 5.4% in the fourth 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 stake in shares of HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank raised its stake in shares of 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 lifted its position in HubSpot by 0.8% during the fourth 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 last quarter. Finally, Principal Securities Inc. grew its holdings in HubSpot by 17.2% in 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 last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In related news, CEO Yamini Rangan sold 3,057 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 $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares of the company's stock, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,853 shares of company stock worth $15,453,396 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Price Performance

HUBS stock traded down $11.96 during midday trading on Friday, hitting $581.45. 641,595 shares of the stock traded hands, compared to its average volume of 611,086. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock's fifty day simple moving average is $705.35 and its 200-day simple moving average is $657.85. The firm has a market cap of $30.32 billion, a P/E ratio of 6,461.31, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, research analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HUBS. TD Cowen cut HubSpot from a "buy" rating to a "hold" rating and raised their price objective for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Wells Fargo & Company raised their price target on HubSpot from $835.00 to $940.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Royal Bank of Canada upped their price objective on shares of HubSpot from $825.00 to $950.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Citigroup increased their price objective on shares of HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group boosted their target price on shares of HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $848.58.

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.