Gilder Gagnon Howe & Co. LLC Cuts Stock Position in HubSpot, Inc. (NYSE:HUBS)

Gilder Gagnon Howe & Co. LLC trimmed its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 225,347 shares of the software maker's stock after selling 5,638 shares during the quarter. HubSpot makes up about 1.7% of Gilder Gagnon Howe & Co. LLC's investment portfolio, making the stock its 13th largest holding. Gilder Gagnon Howe & Co. LLC owned approximately 0.44% of HubSpot worth $157,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Larson Financial Group LLC increased its stake in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after acquiring an additional 19 shares during the last quarter. Coppell Advisory Solutions LLC grew its position in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the third quarter valued at approximately $25,000. Finally, Aster Capital Management DIFC Ltd grew its holdings in HubSpot by 213.3% during the 4th 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 in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several research reports. Stephens began coverage on shares of HubSpot in a research report on Wednesday, March 19th. They issued an "overweight" rating and a $769.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of HubSpot from $635.00 to $725.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Raymond James upped their price objective on HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Morgan Stanley decreased their price target on HubSpot from $898.00 to $659.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group boosted their price objective on shares of HubSpot from $783.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Five investment 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $782.63.

HubSpot Stock Up 3.6 %

Shares of HubSpot stock traded up $22.18 during trading on Thursday, reaching $633.68. The company's stock had a trading volume of 380,973 shares, compared to its average volume of 620,500. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13. The company has a 50-day simple moving average of $596.00 and a two-hundred day simple moving average of $661.91. The company has a market cap of $33.05 billion, a price-to-earnings ratio of 7,034.25, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) 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%. As a group, analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 680 shares of the company's stock in a transaction on Thursday, April 24th. The shares were 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 approximately $43,015,800. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the sale, the insider now owns 525,687 shares in the company, valued at $283,135,018.20. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,562 shares of company stock valued at $18,401,757 over the last quarter. 4.50% of the stock is currently owned by company insiders.

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.