HubSpot, Inc. (NYSE:HUBS) Stock Position Cut by Durable Capital Partners LP

Durable Capital Partners LP decreased its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 965,324 shares of the software maker's stock after selling 54,733 shares during the period. HubSpot makes up 5.5% of Durable Capital Partners LP's holdings, making the stock its 3rd biggest position. Durable Capital Partners LP owned 1.87% of HubSpot worth $672,609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew 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 buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of HubSpot by 91.7% during the fourth 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 last quarter. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the 3rd quarter valued at approximately $25,000. Finally, Aster Capital Management DIFC Ltd raised its position in HubSpot by 213.3% during 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. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on HUBS. Scotiabank reduced their price objective on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets dropped their price target on shares of HubSpot from $885.00 to $745.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Oppenheimer upped their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Friday. Citigroup increased their price target on HubSpot from $750.00 to $900.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group lowered their price objective on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $772.56.

HubSpot Price Performance

HUBS stock traded up $51.62 during midday trading on Monday, reaching $654.67. The company had a trading volume of 640,173 shares, compared to its average volume of 616,812. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13. The company has a market capitalization of $34.46 billion, a P/E ratio of 7,279.22, a P/E/G ratio of 41.44 and a beta of 1.78. The firm has a 50-day moving average price of $584.93 and a 200-day moving average price of $668.28.

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%. On average, equities analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated 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 directly owns 527,233 shares of the company's stock, valued at approximately $320,283,502.84. This trade represents a 1.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This trade represents a 0.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,562 shares of company stock valued at $18,401,757 in the last quarter. Company insiders own 4.50% of the company's stock.

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.