Granahan Investment Management LLC Reduces Position in HubSpot, Inc. (NYSE:HUBS)

Granahan Investment Management LLC lowered its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,992 shares of the software maker's stock after selling 8,870 shares during the period. HubSpot accounts for 1.1% of Granahan Investment Management LLC's holdings, making the stock its 27th biggest position. Granahan Investment Management LLC owned 0.07% of HubSpot worth $25,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HUBS. Focus Partners Wealth lifted its holdings in shares of HubSpot by 1,577.3% during the fourth quarter. Focus Partners Wealth now owns 13,167 shares of the software maker's stock worth $9,174,000 after purchasing an additional 12,382 shares during the period. Ethic Inc. boosted its holdings in shares of HubSpot by 2.7% in the 4th quarter. Ethic Inc. now owns 3,836 shares of the software maker's stock valued at $2,672,000 after acquiring an additional 102 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in shares of HubSpot by 56.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 159,997 shares of the software maker's stock worth $111,481,000 after acquiring an additional 57,998 shares during the period. FACT Capital LP purchased a new position in shares of HubSpot during the fourth quarter worth $9,104,000. Finally, Fiduciary Trust Co acquired a new position in HubSpot during the fourth quarter valued at $350,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

Shares of HubSpot stock opened at $602.31 on Friday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The stock has a market cap of $31.70 billion, a P/E ratio of 6,693.08, a P/E/G ratio of 41.44 and a beta of 1.78. The stock's 50 day simple moving average is $584.93 and its 200-day simple moving average is $666.55.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. This represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 680 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 28,562 shares of company stock worth $18,401,757 in the last ninety days. 4.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on HUBS shares. William Blair reiterated an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. UBS Group lifted their price target on HubSpot from $675.00 to $820.00 and gave the company a "buy" rating in a research report on Friday. Wells Fargo & Company lowered their price objective on HubSpot from $940.00 to $700.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus set a $750.00 target price on shares of HubSpot in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $772.56.

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.

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