Peterson Wealth Services Lowers Holdings in HubSpot, Inc. (NYSE:HUBS)

Peterson Wealth Services reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 40.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 939 shares of the software maker's stock after selling 638 shares during the quarter. Peterson Wealth Services' holdings in HubSpot were worth $536,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wedbush Securities Inc. increased its position in HubSpot by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock worth $274,000 after buying an additional 13 shares during the period. Summit Global Investments increased its holdings in shares of HubSpot by 1.4% in the 4th quarter. Summit Global Investments now owns 1,275 shares of the software maker's stock valued at $889,000 after acquiring an additional 17 shares during the period. WCM Investment Management LLC raised its position in HubSpot by 0.6% in the 1st quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock valued at $1,553,000 after purchasing an additional 17 shares during the last quarter. Yousif Capital Management LLC grew its position in HubSpot by 3.0% during the 1st quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock worth $378,000 after purchasing an additional 19 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in HubSpot by 3.5% in the first quarter. Ballentine Partners LLC now owns 584 shares of the software maker's stock valued at $334,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the company'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 transaction, the director owned 522,435 shares of the company's stock, valued at approximately $283,718,775.45. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 615 shares of HubSpot 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 $339,350.85. Following the completion of the sale, the chief financial officer directly owned 41,086 shares of the company's stock, valued at $22,670,843.94. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,998 shares of company stock valued at $10,928,616 over the last quarter. Insiders own 4.50% of the company's stock.

HubSpot Price Performance

NYSE:HUBS traded down $11.38 during trading hours on Thursday, reaching $549.52. 171,633 shares of the company traded hands, compared to its average volume of 687,233. The firm's 50-day moving average is $574.13 and its 200-day moving average is $629.32. The stock has a market cap of $28.98 billion, a P/E ratio of -1,221.16, a P/E/G ratio of 20.43 and a beta of 1.66. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

Analyst Ratings Changes

A number of research firms recently issued reports on HUBS. Wells Fargo & Company lowered their price target on HubSpot from $700.00 to $675.00 and set an "overweight" rating on the stock in a report on Monday, June 9th. Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Scotiabank dropped their target price on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. UBS Group upped their price target on HubSpot from $675.00 to $820.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot currently has an average rating of "Moderate Buy" and a consensus target price of $759.04.

HubSpot 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.