Vontobel Holding Ltd. Sells 1,159 Shares of HubSpot, Inc. (NYSE:HUBS)

Vontobel Holding Ltd. trimmed its holdings in HubSpot, Inc. (NYSE:HUBS) by 11.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,248 shares of the software maker’s stock after selling 1,159 shares during the quarter. Vontobel Holding Ltd.’s holdings in HubSpot were worth $5,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in HubSpot by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock valued at $2,300,168,000 after purchasing an additional 41,689 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of HubSpot by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after acquiring an additional 166,381 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of HubSpot by 26.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock valued at $614,317,000 after acquiring an additional 257,632 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of HubSpot by 33.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock valued at $535,934,000 after acquiring an additional 284,039 shares during the last quarter. Finally, Durable Capital Partners LP boosted its holdings in shares of HubSpot by 7.5% during the 4th quarter. Durable Capital Partners LP now owns 986,355 shares of the software maker’s stock valued at $285,185,000 after acquiring an additional 68,833 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of HubSpot in a report on Thursday, March 21st. They set an “underweight” rating and a $520.00 price target on the stock. BMO Capital Markets raised their price target on shares of HubSpot from $540.00 to $710.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Truist Financial raised their price target on shares of HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Needham & Company LLC raised their price objective on shares of HubSpot from $630.00 to $730.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Wolfe Research raised their price objective on shares of HubSpot from $660.00 to $715.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.36.

HubSpot Stock Up 0.0 %

NYSE HUBS opened at $634.00 on Thursday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $625.00 and a two-hundred day moving average of $551.30. The firm has a market capitalization of $32.12 billion, a price-to-earnings ratio of -178.59 and a beta of 1.58. HubSpot, Inc. has a 52 week low of $399.48 and a 52 week high of $693.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.22. The company had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. On average, analysts predict that HubSpot, Inc. will post -0.98 earnings per share for the current year.

Insider Activity

In other news, insider Dawson Alyssa Harvey sold 969 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total transaction of $591,090.00. Following the completion of the sale, the insider now directly owns 7,225 shares of the company’s stock, valued at $4,407,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $634.21, for a total value of $73,568.36. Following the completion of the transaction, the chief executive officer now directly owns 88,861 shares in the company, valued at $56,356,534.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawson Alyssa Harvey sold 969 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $610.00, for a total transaction of $591,090.00. Following the completion of the transaction, the insider now owns 7,225 shares of the company’s stock, valued at $4,407,250. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,862 shares of company stock valued at $8,604,961. 4.90% of the stock is currently owned by company insiders.

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.