Trexquant Investment LP Decreases Holdings in HubSpot, Inc. (NYSE:HUBS)

Trexquant Investment LP reduced its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 56.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,754 shares of the software maker's stock after selling 27,354 shares during the quarter. Trexquant Investment LP's holdings in HubSpot were worth $14,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Larson Financial Group LLC boosted its position in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings 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 worth $31,000 after purchasing an additional 19 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in HubSpot in the 3rd quarter worth about $25,000. Bank of Jackson Hole Trust bought a new stake in HubSpot during the 4th quarter valued at about $35,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in HubSpot in the 4th quarter valued at about $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of HubSpot from $690.00 to $885.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Piper Sandler lifted their target price on HubSpot from $640.00 to $808.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Jefferies Financial Group increased their price target on HubSpot from $860.00 to $900.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. UBS Group upgraded HubSpot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th. Finally, Stifel Nicolaus increased their target price on shares of HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and a consensus price target of $848.58.

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Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider now owns 527,233 shares of the company's stock, 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. In the last quarter, insiders sold 19,382 shares of company stock worth $13,415,657. Insiders own 4.50% of the company's stock.

HubSpot Price Performance

NYSE:HUBS traded down $27.00 during midday trading on Friday, hitting $500.79. The company's stock had a trading volume of 1,393,357 shares, compared to its average volume of 604,703. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm has a market cap of $26.12 billion, a P/E ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82. The firm's 50 day moving average is $688.31 and its 200-day moving average is $661.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data 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 forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

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.