OMERS ADMINISTRATION Corp Sells 985 Shares of HubSpot, Inc. (NYSE:HUBS)

OMERS ADMINISTRATION Corp trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 19.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,975 shares of the software maker's stock after selling 985 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in HubSpot were worth $2,770,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBS. Wellington Management Group LLP lifted its holdings in shares of HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker's stock worth $1,029,262,000 after purchasing an additional 74,990 shares during the period. Geode Capital Management LLC raised its position in HubSpot by 1.2% during the 4th 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 raised its position in HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock worth $506,412,000 after purchasing an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 buying an additional 104,800 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker's stock valued at $469,987,000 after buying an additional 24,799 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

HubSpot Trading Down 0.5%

Shares of HUBS traded down $3.62 during trading hours on Friday, reaching $660.43. The stock had a trading volume of 687,933 shares, compared to its average volume of 622,736. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a 50-day simple moving average of $588.18 and a 200 day simple moving average of $671.13. The company has a market capitalization of $34.76 billion, a price-to-earnings ratio of 7,338.97, a P/E/G ratio of 41.44 and a beta of 1.78.

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 the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HUBS shares. Jefferies Financial Group lowered their price objective on HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Truist Financial lowered their price target on shares of HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Scotiabank dropped their price target on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. William Blair reiterated an "outperform" rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, BNP Paribas began coverage on shares of HubSpot in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $700.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $767.33.

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.