HubSpot, Inc. (NYSE:HUBS) Stake Decreased by Ostrum Asset Management

Ostrum Asset Management reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 13.4% during the 4th quarter, Holdings Channel reports. The fund owned 246 shares of the software maker’s stock after selling 38 shares during the quarter. Ostrum Asset Management’s holdings in HubSpot were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after purchasing an additional 13 shares during the period. Wedbush Securities Inc. grew its position in HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after buying an additional 13 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after buying an additional 15 shares in the last quarter. Amalgamated Bank lifted its stake in shares of HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after acquiring an additional 16 shares during the period. Finally, Avitas Wealth Management LLC lifted its stake in shares of HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after acquiring an additional 17 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HUBS opened at $538.98 on Monday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The company has a market capitalization of $28.11 billion, a PE ratio of 5,989.35, a PEG ratio of 41.44 and a beta of 1.82. The company’s 50 day moving average price is $627.88 and its 200 day moving average price is $661.10.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results 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%. On average, equities analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HUBS has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada upped their price objective on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Redburn Atlantic began coverage on HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating for the company. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, Barclays upgraded shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective for the company in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $818.04.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 2,382 shares of the company’s 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 sale, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the transaction, the insider now owns 525,687 shares in the company, valued at approximately $283,135,018.20. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,882 shares of company stock valued at $17,993,757 in the last three months. Insiders own 4.50% of the company’s stock.

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.