HubSpot, Inc. (NYSE:HUBS) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,840 shares of the software maker's stock after selling 2,880 shares during the period. Hsbc Holdings PLC's holdings in HubSpot were worth $17,295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HUBS. Norges Bank purchased a new position in shares of HubSpot in the 4th quarter worth $420,345,000. Raymond James Financial Inc. purchased a new stake in HubSpot in the 4th quarter worth about $157,019,000. Wealthfront Advisers LLC boosted its position in shares of HubSpot by 3,090.2% during the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker's stock valued at $93,049,000 after buying an additional 129,357 shares during the period. Proficio Capital Partners LLC bought a new position in shares of HubSpot during the fourth quarter valued at approximately $79,135,000. Finally, Alliancebernstein L.P. grew its stake in shares of HubSpot by 61.9% during the fourth quarter. Alliancebernstein L.P. now owns 286,327 shares of the software maker's stock valued at $199,504,000 after buying an additional 109,449 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,562 shares of company stock worth $18,401,757. Insiders own 4.50% of the company's stock.

HubSpot Stock Performance

HUBS stock traded up $13.24 during midday trading on Thursday, reaching $624.74. The stock had a trading volume of 672,319 shares, compared to its average volume of 621,631. The firm has a fifty day simple moving average of $596.00 and a two-hundred day simple moving average of $661.91. The stock has a market cap of $32.58 billion, a PE ratio of 6,942.33, a P/E/G ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, sell-side analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HUBS. Barclays upgraded HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 price target on the stock in a report on Wednesday, March 12th. Stifel Nicolaus set a $750.00 price target on HubSpot in a report on Friday, April 25th. Stephens assumed coverage on HubSpot in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 price objective on the stock. Mizuho dropped their price objective on HubSpot from $900.00 to $700.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Citigroup increased their price objective on HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $782.63.

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.