Brown Advisory Inc. Sells 3,476 Shares of HubSpot, Inc. (NYSE:HUBS)

Brown Advisory Inc. reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,025 shares of the software maker's stock after selling 3,476 shares during the quarter. Brown Advisory Inc.'s holdings in HubSpot were worth $8,584,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HUBS. Elequin Capital LP acquired a new position in shares of HubSpot in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC grew its position in shares of 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. Coppell Advisory Solutions LLC grew its position in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares during the period. Aster Capital Management DIFC Ltd grew its position 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 valued at $33,000 after purchasing an additional 32 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of HubSpot in the 4th quarter valued at approximately $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

NYSE:HUBS traded down $30.01 during trading hours on Friday, hitting $523.76. The company's stock had a trading volume of 1,233,981 shares, compared to its average volume of 609,768. The stock has a fifty day simple moving average of $591.09 and a 200-day simple moving average of $637.76. The company has a market capitalization of $27.62 billion, a P/E ratio of -1,163.91, a PEG ratio of 19.48 and a beta of 1.66. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13.

Analyst Ratings Changes

Several research firms have commented on HUBS. Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research note on Saturday. The Goldman Sachs Group cut their target price on HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. BMO Capital Markets cut their target price on HubSpot from $885.00 to $745.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus set a $750.00 target price on HubSpot in a research note on Friday, April 25th. Finally, Raymond James Financial restated an "outperform" rating and issued a $825.00 target price (down previously from $980.00) on shares of HubSpot in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $766.71.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $548.03, for a total transaction of $4,658,255.00. Following the sale, the director directly owned 523,984 shares of the company's stock, valued at approximately $287,158,951.52. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares in the company, valued at $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,678 shares of company stock valued at $11,298,621 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

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.