Desjardins Global Asset Management Inc. Sells 166 Shares of HubSpot, Inc. (NYSE:HUBS)

Desjardins Global Asset Management Inc. reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 46.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 194 shares of the software maker’s stock after selling 166 shares during the period. Desjardins Global Asset Management Inc.’s holdings in HubSpot were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its position in shares of HubSpot by 3.5% during the fourth quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock valued at $326,000 after purchasing an additional 19 shares during the period. Hazlett Burt & Watson Inc. increased its position in shares of HubSpot by 29.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker’s stock valued at $55,000 after purchasing an additional 21 shares during the period. Level Financial Advisors Inc. increased its position in shares of HubSpot by 20.0% during the third quarter. Level Financial Advisors Inc. now owns 150 shares of the software maker’s stock valued at $74,000 after purchasing an additional 25 shares during the period. Avestar Capital LLC increased its position in shares of HubSpot by 5.8% during the third quarter. Avestar Capital LLC now owns 454 shares of the software maker’s stock valued at $224,000 after purchasing an additional 25 shares during the period. Finally, Prosperity Financial Group Inc. increased its position in shares of HubSpot by 5.9% during the third quarter. Prosperity Financial Group Inc. now owns 446 shares of the software maker’s stock valued at $220,000 after purchasing an additional 25 shares during the period. 90.39% of the stock is owned by institutional investors.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 8,817 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the sale, the chief executive officer now owns 88,977 shares in the company, valued at $55,165,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Yamini Rangan sold 8,817 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the sale, the chief executive officer now owns 88,977 shares in the company, valued at $55,165,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,362 shares of company stock worth $14,012,491. 4.90% of the stock is owned by insiders.

Analyst Ratings Changes

HUBS has been the topic of a number of research reports. Truist Financial boosted their price objective on HubSpot from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Wells Fargo & Company upped their price target on HubSpot from $700.00 to $725.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Scotiabank upped their price target on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a research report on Friday, April 5th. Stifel Nicolaus upped their price target on HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, BMO Capital Markets upped their price target on HubSpot from $540.00 to $710.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $642.36.

HubSpot Stock Performance

Shares of HUBS opened at $631.64 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. HubSpot, Inc. has a 12-month low of $399.48 and a 12-month high of $693.85. The stock’s fifty day simple moving average is $625.12 and its 200-day simple moving average is $552.93.

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