Kintegral Advisory LLC Sells 693 Shares of HubSpot, Inc. (NYSE:HUBS)

Kintegral Advisory LLC decreased its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,413 shares of the software maker's stock after selling 693 shares during the period. Kintegral Advisory LLC's holdings in HubSpot were worth $807,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in HubSpot by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock valued at $1,029,262,000 after buying an additional 74,990 shares during the period. Geode Capital Management LLC grew its position in shares of HubSpot by 1.2% during 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. Groupama Asset Managment grew its position in HubSpot by 3.8% in the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after buying an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of HubSpot by 18.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock valued at $471,068,000 after purchasing an additional 104,800 shares in the last quarter. Finally, Norges Bank bought a new position in shares of HubSpot during the 4th quarter valued at about $420,345,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling

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

HubSpot Price Performance

NYSE:HUBS traded down $6.53 during trading hours on Monday, reaching $554.33. The company's stock had a trading volume of 310,477 shares, compared to its average volume of 629,359. The business's 50-day moving average is $598.04 and its 200-day moving average is $643.09. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The company has a market cap of $29.24 billion, a price-to-earnings ratio of -1,231.94, a price-to-earnings-growth ratio of 20.38 and a beta of 1.66.

Analysts Set New Price Targets

HUBS has been the subject of a number of research analyst reports. Cantor Fitzgerald started coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price target for the company. Citigroup lifted their price target on shares of HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Sanford C. Bernstein assumed coverage on HubSpot in a report on Thursday, March 20th. They set a "market perform" rating and a $693.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and set a $900.00 price objective on shares of HubSpot in a report on Friday, May 9th. Finally, Stephens assumed coverage on shares of HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and a consensus target price of $766.71.

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.