J. Safra Sarasin Holding AG Sells 4,157 Shares of HubSpot, Inc. (NYSE:HUBS)

J. Safra Sarasin Holding AG lessened its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 86.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 655 shares of the software maker's stock after selling 4,157 shares during the quarter. J. Safra Sarasin Holding AG's holdings in HubSpot were worth $456,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in HubSpot by 5.3% during the 4th 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of HubSpot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker's stock worth $577,572,000 after acquiring an additional 9,922 shares during the period. Groupama Asset Managment lifted its position in HubSpot by 3.8% in the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker's stock valued at $506,412,000 after acquiring an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker's stock worth $471,068,000 after purchasing an additional 104,800 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in 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 worth $469,987,000 after purchasing an additional 24,799 shares during the period. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HUBS. Piper Sandler cut their price target on HubSpot from $808.00 to $535.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Barclays raised shares of HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 price target for the company in a research note on Wednesday, March 12th. Sanford C. Bernstein began coverage on shares of HubSpot in a research report on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price objective on the stock. Needham & Company LLC increased their target price on shares of HubSpot from $730.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, UBS Group upgraded shares of HubSpot from a "neutral" rating to a "buy" rating and lowered their price target for the company from $775.00 to $675.00 in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $782.63.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction on 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 transaction, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on 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 sale, the insider now owns 525,687 shares of the company's stock, valued at approximately $283,135,018.20. This represents a 1.59 % 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 over the last three months. 4.50% of the stock is owned by insiders.

HubSpot Price Performance

HubSpot stock traded up $1.30 during mid-day trading on Tuesday, reaching $613.73. 151,807 shares of the company were exchanged, compared to its average volume of 619,308. The company has a fifty day simple moving average of $600.99 and a 200-day simple moving average of $662.60. The firm has a market cap of $32.01 billion, a PE ratio of 6,816.86, a PEG ratio of 41.44 and a beta of 1.82. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13.

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 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%. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current 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.