HubSpot, Inc. (NYSE:HUBS) Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC decreased its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,254 shares of the software maker's stock after selling 6,000 shares during the period. HubSpot comprises 1.4% of Zweig DiMenna Associates LLC's investment portfolio, making the stock its 20th biggest position. Zweig DiMenna Associates LLC owned approximately 0.05% of HubSpot worth $18,293,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. HM Payson & Co. increased its holdings in HubSpot by 36.0% during 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. MassMutual Private Wealth & Trust FSB increased its holdings in HubSpot by 73.1% during the 4th 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 period. Pallas Capital Advisors LLC increased its holdings in HubSpot by 1.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker's stock worth $798,000 after purchasing an additional 21 shares during the period. Ballentine Partners LLC increased its holdings in HubSpot by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker's stock worth $393,000 after purchasing an additional 25 shares during the period. Finally, Motley Fool Asset Management LLC increased its holdings in HubSpot by 2.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker's stock worth $541,000 after purchasing an additional 26 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity at HubSpot

In other news, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares of the company's stock, valued at $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The shares were 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 directly 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. Insiders sold 78,066 shares of company stock valued at $54,900,427 in the last ninety days. Corporate insiders own 4.50% of the company's stock.

Analyst Ratings Changes

HUBS has been the topic of several recent research reports. Wells Fargo & Company upped their price target on HubSpot from $750.00 to $810.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Evercore ISI increased their price objective on HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Barclays increased their price objective on HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Oppenheimer increased their price objective on HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group increased their price objective on HubSpot from $600.00 to $710.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $721.26.

HubSpot Trading Down 1.2 %

Shares of HUBS traded down $8.88 during mid-day trading on Friday, hitting $728.24. The company's stock had a trading volume of 365,585 shares, compared to its average volume of 358,567. The firm has a 50-day simple moving average of $715.83 and a 200 day simple moving average of $589.79. The firm has a market capitalization of $37.59 billion, a P/E ratio of -2,697.07, a P/E/G ratio of 40.57 and a beta of 1.70. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period last year, the business posted ($0.04) EPS. HubSpot's quarterly revenue was up 20.1% on a year-over-year basis. As a group, sell-side analysts predict that HubSpot, Inc. will post 0.42 EPS for the current fiscal 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.