HubSpot, Inc. (NYSE:HUBS) Shares Sold by Retireful LLC

Retireful LLC trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS) by 16.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,764 shares of the software maker’s stock after selling 346 shares during the quarter. Retireful LLC’s holdings in HubSpot were worth $1,027,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its stake in shares of HubSpot by 36.7% in the fourth quarter. Mather Group LLC. now owns 257 shares of the software maker’s stock valued at $179,000 after purchasing an additional 69 shares during the period. E. Ohman J or Asset Management AB raised its stake in HubSpot by 13.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 2,260 shares of the software maker’s stock valued at $1,575,000 after purchasing an additional 260 shares during the last quarter. Avitas Wealth Management LLC increased its position in shares of HubSpot by 0.8% in the fourth 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of HubSpot by 23.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,823 shares of the software maker’s stock valued at $5,499,000 after purchasing an additional 1,489 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of HubSpot by 10.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,411 shares of the software maker’s stock worth $3,073,000 after acquiring an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price objective on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Mizuho lowered their target price on HubSpot from $900.00 to $700.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Stephens started coverage on HubSpot in a research note on Wednesday, March 19th. They set an “overweight” rating and a $769.00 price objective for the company. Canaccord Genuity Group boosted their price target on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets reduced their price objective on HubSpot from $885.00 to $745.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $767.61.

HubSpot Price Performance

NYSE HUBS opened at $599.45 on Thursday. The stock has a market capitalization of $31.61 billion, a PE ratio of 6,661.30, a P/E/G 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 business has a 50 day simple moving average of $589.85 and a two-hundred day simple moving average of $668.82.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. This represents a 1.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now 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. In the last quarter, insiders sold 20,062 shares of company stock worth $11,516,757. 4.50% of the stock is currently owned by corporate 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.