Fiera Capital Corp Sells 109,715 Shares of HubSpot, Inc. (NYSE:HUBS)

Fiera Capital Corp decreased its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 97.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,622 shares of the software maker's stock after selling 109,715 shares during the quarter. Fiera Capital Corp's holdings in HubSpot were worth $1,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after acquiring an additional 251,853 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of HubSpot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock worth $577,572,000 after acquiring an additional 9,922 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in HubSpot by 7.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 567,465 shares of the software maker's stock valued at $395,393,000 after buying an additional 40,404 shares during the last quarter. Northern Trust Corp raised its holdings in HubSpot by 18.0% in the 4th quarter. Northern Trust Corp now owns 345,535 shares of the software maker's stock valued at $240,758,000 after buying an additional 52,792 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in HubSpot by 61.9% in the 4th quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker's stock valued at $199,504,000 after buying an additional 109,449 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Trading Down 4.1%

HUBS stock traded down $21.32 during midday trading on Friday, hitting $498.33. The company had a trading volume of 679,039 shares, compared to its average volume of 714,794. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of -1,107.40, a PEG ratio of 18.13 and a beta of 1.67. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The stock's 50 day moving average price is $560.18 and its 200 day moving average price is $620.75.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HUBS shares. Mizuho dropped their price objective on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. BNP Paribas initiated coverage on shares of HubSpot in a report on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 price target for the company. Morgan Stanley raised their price objective on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Truist Financial reduced their price objective on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $825.00 price target (down previously from $980.00) on shares of HubSpot in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and an average price target of $759.04.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 2,383 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the transaction, the chief executive officer owned 63,918 shares in the company, valued at $35,269,313.22. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the transaction, the chief financial officer owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,998 shares of company stock worth $10,928,616 over the last quarter. 4.50% of the stock is 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.