Worldquant Millennium Advisors LLC Sells 1,558 Shares of HubSpot, Inc. (NYSE:HUBS)

Worldquant Millennium Advisors LLC trimmed its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,776 shares of the software maker's stock after selling 1,558 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in HubSpot were worth $3,602,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HUBS. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the second quarter worth approximately $35,000. HM Payson & Co. grew its position in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after purchasing an additional 18 shares during the period. Crewe Advisors LLC grew its position in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock worth $44,000 after purchasing an additional 63 shares during the period. J.Safra Asset Management Corp lifted its holdings in shares of HubSpot by 690.9% during the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock valued at $51,000 after buying an additional 76 shares during the period. Finally, True Wealth Design LLC bought a new position in shares of HubSpot during the 3rd quarter valued at $62,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity at HubSpot

In related news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction on 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 sale, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,390 shares of company stock valued at $29,126,596. 4.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on HUBS. Stifel Nicolaus lifted their price objective on HubSpot from $600.00 to $625.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Oppenheimer boosted their price target on HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. BMO Capital Markets upped their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $672.68.

HubSpot Stock Performance

Shares of HubSpot stock traded up $3.80 on Friday, hitting $741.67. 604,934 shares of the company traded hands, compared to its average volume of 573,369. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $762.47. The business has a 50-day simple moving average of $617.46 and a 200 day simple moving average of $560.40. The stock has a market capitalization of $38.29 billion, a P/E ratio of -2,746.93, a price-to-earnings-growth ratio of 92.07 and a beta of 1.70.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) 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 company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same period in the previous year, the firm posted ($0.04) EPS. HubSpot's revenue for the quarter was up 20.1% compared to the same quarter last year. Research analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current year.

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.