HubSpot, Inc. (NYSE:HUBS) Shares Sold by Interval Partners LP

Interval Partners LP lessened its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 79.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,402 shares of the software maker's stock after selling 5,444 shares during the quarter. Interval Partners LP's holdings in HubSpot were worth $977,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot in the third quarter valued at approximately $25,000. Larson Financial Group LLC grew its position in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker's stock worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in shares of HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after acquiring an additional 22 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after acquiring an additional 32 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now owns 524,751 shares of the company's stock, valued at approximately $425,048,310. The trade was a 1.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares of the company's stock, valued at $41,536,312.16. This trade represents a 3.19% 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 valued at $18,401,757 in the last quarter. Company insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on HUBS. TD Cowen downgraded HubSpot from a "buy" rating to a "hold" rating and lifted their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. BMO Capital Markets cut their price target on HubSpot from $885.00 to $745.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Raymond James reaffirmed an "outperform" rating and set a $825.00 price objective (down previously from $980.00) on shares of HubSpot in a research note on Friday, May 9th. William Blair reissued an "outperform" rating on shares of HubSpot in a research note on Thursday, February 13th. Finally, Barclays decreased their price target on shares of HubSpot from $815.00 to $745.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $767.33.

HubSpot Price Performance

HubSpot stock traded down $3.62 during midday trading on Friday, hitting $660.43. 687,933 shares of the company were exchanged, compared to its average volume of 621,365. The company has a market cap of $34.76 billion, a PE ratio of 7,338.97, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The company's fifty day moving average price is $586.78 and its 200-day moving average price is $669.70.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.