Thematics Asset Management Decreases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Thematics Asset Management decreased its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,072 shares of the software maker's stock after selling 2,608 shares during the quarter. Thematics Asset Management's holdings in HubSpot were worth $7,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after buying an additional 13 shares during the period. Wedbush Securities Inc. lifted its stake in shares of HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after purchasing an additional 13 shares during the last quarter. First Horizon Advisors Inc. grew its holdings 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 purchasing an additional 15 shares during the period. Amalgamated Bank increased its position 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 purchasing an additional 16 shares during the last quarter. Finally, Avitas Wealth Management LLC raised its holdings in HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business's 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 completion of the transaction, the insider now owns 524,751 shares of the company's stock, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,882 shares of company stock worth $17,993,757. 4.50% of the stock is owned by insiders.

HubSpot Price Performance

Shares of NYSE HUBS traded up $24.93 during trading on Wednesday, hitting $566.75. 852,415 shares of the company were exchanged, compared to its average volume of 619,640. The firm's fifty day moving average price is $617.02 and its 200 day moving average price is $660.16. The company has a market cap of $29.56 billion, a price-to-earnings ratio of 6,297.92, a PEG ratio of 41.44 and a beta of 1.82. 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 issued its quarterly earnings data 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 net margin of 0.17% and a negative return on equity of 0.07%. On average, research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HUBS. Needham & Company LLC lifted their price target on shares of HubSpot from $730.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Oppenheimer upped their price target on HubSpot from $850.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Piper Sandler dropped their price objective on HubSpot from $808.00 to $535.00 and set a "neutral" rating for the company in a research note on Wednesday. KeyCorp raised HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 target price for the company in a research report on Thursday, February 13th. Finally, Morgan Stanley reduced their target price on shares of HubSpot from $898.00 to $659.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $794.67.

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.