HubSpot, Inc. (NYSE:HUBS) Shares Sold by Bokf Na

BOKF NA reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 24.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,624 shares of the software maker's stock after selling 869 shares during the period. BOKF NA's holdings in HubSpot were worth $1,848,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock valued at $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its position 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 buying an additional 19 shares during the period. Coppell Advisory Solutions LLC lifted its stake in HubSpot by 91.7% in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in HubSpot during the third quarter valued at $25,000. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of HubSpot by 213.3% during the fourth 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 in the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Trading Down 0.8%

Shares of NYSE HUBS traded down $5.11 during mid-day trading on Wednesday, reaching $667.13. The company had a trading volume of 326,580 shares, compared to its average volume of 617,897. The business's 50-day moving average is $584.66 and its 200-day moving average is $668.97. The stock has a market cap of $35.12 billion, a price-to-earnings ratio of 7,413.38, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results 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%. As a group, equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup raised their price target on HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research report on Tuesday. Jefferies Financial Group lowered their price target on HubSpot from $900.00 to $700.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler boosted their target price on HubSpot from $535.00 to $645.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Stifel Nicolaus set a $750.00 target price on HubSpot in a research report on Friday, April 25th. Finally, Sanford C. Bernstein began coverage on HubSpot in a research report on Thursday, March 20th. They issued a "market perform" rating and a $693.00 target price for the company. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $767.33.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now owns 524,751 shares of the company's stock, valued at approximately $425,048,310. This trade represents a 1.59% decrease in their ownership of the stock. The sale 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 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 completion of the sale, the chief executive officer now directly owns 72,373 shares of the company's stock, valued at approximately $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 90 days, insiders have sold 28,562 shares of company stock valued at $18,401,757. 4.50% of the stock is currently owned by corporate insiders.

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.