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

Peterson Wealth Services cut its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 40.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

Several other hedge funds also recently added to or reduced their stakes in the stock. Elequin Capital LP purchased a new stake in shares of HubSpot during the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC increased its holdings in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after buying an additional 22 shares during the last quarter. Aster Capital Management DIFC Ltd increased its holdings in HubSpot by 213.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after buying an additional 32 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in HubSpot in the fourth quarter valued at about $36,000. Finally, Colonial Trust Co SC increased its holdings in HubSpot by 111.1% in the fourth 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 during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Performance

Shares of HUBS stock traded up $4.15 during midday trading on Tuesday, hitting $550.79. 686,190 shares of the company were exchanged, compared to its average volume of 607,989. The firm has a market capitalization of $29.05 billion, a P/E ratio of -1,223.97, a PEG ratio of 20.16 and a beta of 1.66. The firm's 50 day moving average price is $580.97 and its two-hundred day moving average price is $631.43. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HUBS. Wells Fargo & Company decreased their target price on HubSpot from $700.00 to $675.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Mizuho decreased their target price on HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC restated a "buy" rating and issued a $900.00 target price on shares of HubSpot in a research note on Friday, May 9th. Scotiabank decreased their target price on HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Finally, Morgan Stanley lifted their target price on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research note 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 given a strong buy rating to the company's stock. According to data from MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus price target of $759.04.

Insider Buying and Selling

In related news, Director Brian Halligan sold 8,500 shares of the stock in a transaction 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 directly owned 522,435 shares of the company's stock, valued at $283,718,775.45. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,678 shares of company stock worth $11,336,616 in the last three months. 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.