Trexquant Investment LP Sells 27,354 Shares of HubSpot, Inc. (NYSE:HUBS)

Trexquant Investment LP trimmed its stake in HubSpot, Inc. (NYSE:HUBS) by 56.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,754 shares of the software maker’s stock after selling 27,354 shares during the period. Trexquant Investment LP’s holdings in HubSpot were worth $14,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its stake in shares of HubSpot by 93.1% in the third quarter. Townsquare Capital LLC now owns 668 shares of the software maker’s stock worth $355,000 after buying an additional 322 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in HubSpot in the 3rd quarter worth $509,000. Captrust Financial Advisors lifted its position in HubSpot by 132.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,363 shares of the software maker’s stock worth $725,000 after acquiring an additional 777 shares during the last quarter. Erste Asset Management GmbH bought a new stake in HubSpot during the third quarter valued at about $1,758,000. Finally, Kestra Investment Management LLC bought a new stake in HubSpot during the third quarter valued at about $230,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and increased their target price for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Needham & Company LLC increased their price objective on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley boosted their target price on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Finally, Mizuho boosted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the firm’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 completion of the sale, the insider now owns 527,233 shares of the company’s stock, valued at $320,283,502.84. This trade represents 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 3,057 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,853 shares of company stock valued at $15,453,396. Insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of HUBS opened at $582.30 on Wednesday. The company has a market capitalization of $30.37 billion, a P/E ratio of 6,470.73, a PEG ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The business’s 50 day simple moving average is $699.84 and its 200-day simple moving average is $661.33.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS 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, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.