HubSpot, Inc. (NYSE:HUBS) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 218,060 shares of the software maker's stock after selling 6,060 shares during the quarter. HubSpot makes up approximately 2.0% of TimesSquare Capital Management LLC's holdings, making the stock its 3rd biggest position. TimesSquare Capital Management LLC owned about 0.42% of HubSpot worth $124,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HUBS. Elequin Capital LP purchased a new stake in HubSpot in the 4th quarter worth $27,000. Coppell Advisory Solutions LLC increased its holdings in shares of HubSpot by 91.7% in 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. Aster Capital Management DIFC Ltd lifted its position in shares of HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after buying an additional 32 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in HubSpot during the fourth quarter valued at approximately $36,000. Finally, Colonial Trust Co SC grew its holdings in HubSpot by 111.1% during the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after buying an additional 30 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HUBS. Citigroup upped their price target on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Scotiabank decreased their target price on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. Barclays reduced their price objective on HubSpot from $815.00 to $745.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Sanford C. Bernstein assumed coverage on HubSpot in a research report on Thursday, March 20th. They set a "market perform" rating and a $693.00 price objective on the stock. Finally, Macquarie initiated coverage on HubSpot in a report on Monday, March 24th. They issued an "outperform" rating and a $730.00 target price for the company. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $764.93.

Insider Buying and Selling at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the sale, the director owned 522,435 shares of the company's stock, valued at approximately $283,718,775.45. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the sale, the chief financial officer owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,678 shares of company stock valued at $11,336,616 over the last 90 days. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Performance

Shares of NYSE:HUBS traded down $13.12 during trading on Thursday, reaching $528.41. 927,302 shares of the stock were exchanged, compared to its average volume of 608,997. The firm's 50-day moving average price is $582.17 and its 200 day moving average price is $633.40. The firm has a market cap of $27.87 billion, a price-to-earnings ratio of -1,174.25, a price-to-earnings-growth ratio of 20.13 and a beta of 1.66. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13.

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.