HubSpot, Inc. (NYSE:HUBS) Holdings Decreased by Shell Asset Management Co.

Shell Asset Management Co. cut its position in shares of HubSpot, Inc. (NYSE:HUBS) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,202 shares of the software maker’s stock after selling 94 shares during the quarter. Shell Asset Management Co.’s holdings in HubSpot were worth $838,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in shares of HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after purchasing an additional 32 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in HubSpot during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares of the company’s stock, valued at $41,536,312.16. This represents a 3.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,562 shares of company stock valued at $18,401,757 over the last three months. Insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $660.43 on Friday. The stock has a market capitalization of $34.76 billion, a price-to-earnings ratio of 7,338.97, a PEG ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The company has a 50 day moving average price of $588.18 and a 200 day moving average price of $671.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on HUBS. Scotiabank dropped their target price on HubSpot from $900.00 to $750.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 24th. BMO Capital Markets dropped their price objective on shares of HubSpot from $885.00 to $745.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Raymond James reiterated an “outperform” rating and issued a $825.00 price objective (down from $980.00) on shares of HubSpot in a research report on Friday, May 9th. Morgan Stanley upped their target price on shares of HubSpot from $659.00 to $752.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Finally, William Blair reaffirmed an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $767.33.

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.