Gilder Gagnon Howe & Co. LLC Sells 5,638 Shares of HubSpot, Inc. (NYSE:HUBS)

Gilder Gagnon Howe & Co. LLC reduced its position in shares of HubSpot, Inc. (NYSE:HUBS) by 2.4% in the 4th quarter, HoldingsChannel reports. The firm owned 225,347 shares of the software maker’s stock after selling 5,638 shares during the period. HubSpot accounts for about 1.7% of Gilder Gagnon Howe & Co. LLC’s investment portfolio, making the stock its 13th largest holding. Gilder Gagnon Howe & Co. LLC’s holdings in HubSpot were worth $157,015,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of HubSpot in the fourth quarter valued at approximately $420,345,000. Raymond James Financial Inc. acquired a new stake in HubSpot during the 4th quarter valued at $157,019,000. Wealthfront Advisers LLC raised its position in HubSpot by 3,090.2% in the 4th quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after purchasing an additional 129,357 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in HubSpot in the fourth quarter worth $79,135,000. Finally, Alliancebernstein L.P. grew its holdings in shares of HubSpot by 61.9% during the fourth quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker’s stock worth $199,504,000 after purchasing an additional 109,449 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,882 shares of company stock valued at $17,993,757 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

HubSpot Trading Up 2.7 %

NYSE:HUBS opened at $616.56 on Friday. The stock has a market cap of $32.16 billion, a price-to-earnings ratio of 6,851.43, a PEG ratio of 41.44 and a beta of 1.82. The stock has a 50-day moving average price of $604.15 and a two-hundred day moving average price of $660.64. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Sell-side analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HUBS shares. Redburn Atlantic began coverage on HubSpot in a report on Wednesday, February 19th. They issued a “buy” rating for the company. Canaccord Genuity Group boosted their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Truist Financial decreased their price target on shares of HubSpot from $900.00 to $720.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group lowered their price target on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, StockNews.com downgraded HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $789.11.

About HubSpot

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.