Sherbrooke Park Advisers LLC Sells 944 Shares of HubSpot, Inc. (NYSE:HUBS)

Sherbrooke Park Advisers LLC lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 66.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483 shares of the software maker's stock after selling 944 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in HubSpot were worth $337,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of HubSpot by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock worth $1,029,262,000 after acquiring an additional 74,990 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 purchasing an additional 9,922 shares during the last quarter. Groupama Asset Managment grew its stake 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 purchasing an additional 26,799 shares during the period. Massachusetts Financial Services Co. MA raised its stake 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 worth $471,068,000 after purchasing an additional 104,800 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of HubSpot by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock worth $469,987,000 after purchasing an additional 24,799 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on HUBS shares. Mizuho decreased 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. Citigroup boosted 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. Stifel Nicolaus set a $750.00 price target on shares of HubSpot in a research note on Friday, April 25th. Barclays lowered their target price on HubSpot from $815.00 to $745.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Finally, Wells Fargo & Company reduced their price target on HubSpot from $940.00 to $700.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $767.33.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 680 shares of HubSpot stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $600.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now directly owns 71,693 shares of the company's stock, valued at $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the sale, the insider now owns 527,233 shares of the company's stock, valued at $320,283,502.84. This trade represents a 1.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,062 shares of company stock valued at $11,516,757. Insiders own 4.50% of the company's stock.

HubSpot Trading Up 0.8%

HUBS stock traded up $4.78 during trading on Thursday, hitting $626.03. 571,501 shares of the company's stock were exchanged, compared to its average volume of 624,463. The stock has a market capitalization of $33.02 billion, a price-to-earnings ratio of 6,956.66, a PEG ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13. The business has a 50-day moving average price of $589.97 and a two-hundred day moving average price of $671.94.

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.